 |
Web Hosting by Netfirms | Free Domain Names by Netfirms |
|
|
|
1. What types of debt can you help me eliminate?
Only those debts where you actually provided the value first. Those types of
debts are mainly mortgages, credit cards, auto loans...but not personal
loans, like from a friend. We are strictly focusing on unsecured debt right
now. This page will be updated when the secure debt programs are in place
and ready for all to take advantage of.
2. Where should I start?
Credit cards. Eliminate your credit card debt first. Credit card debt is the
easiest to eliminate. Going through the elimination of your credit card debt
will give you some understanding of what it takes to eliminate greater amounts,
like your mortgage, which banks and other lending institutions do not like to
have discharged, or eliminated. Once you eliminate your credit card debt, you
also will clear EVERY NEGATIVE ITEM OFF YOUR CREDIT REPORT!!
3. How long does it normally take?
Depending on your situation, it could be anywhere from 4 weeks on up. Different
people are in different situations and at different levels of understanding.
4. Will it affect my credit rating?
YES & NO. Credit card companies have been known in the past to incorrectly relay
information to the credit reporting bureaus. There are, however, EVERY negative
item will be removed off your credit reports so this point becomes moot.
5. What is the success rate?
There can never be any real guarantees, however,
because there are too many uncontrollable variables involved. (I've heard of one
case where the person never sent off the documents he was supposed to! The
problems typically occur from people not following directions.) I've had people
come to me who were supposed to be in court in two days! Hence, it was too late
for me to help them. I can't
help anyone who is due in court anytime in next 10 days. Other than that,
the success rate is 100% on credit cards.
6. How long has the company been around?
There is a 7 year track record handling unsecured debt with 100% success..
7. Why don't I just go through the companies themselves?
Because we have agreements in place that I must first qualify you and you have
to understand certain pieces of information. There is a factor that many people
experience during the process: fear. Knowledge overcomes fear. Think about it.
8. Would this include cards in my spouses name, and cards we share?
Yes. It just costs a little more.
9. Can I eliminate business accounts and business related debts, like
lines of credit?
Yes, depending on the situation.
10. Can you still help me if I'm in collections?
Yes. (Actually, that's even easier in most cases.)
11. What, really, is credit?
The delay of payment.
12. Will there be any kick back from the credit card companies?
If your alleged debt is high enough, you can practically guarantee it. That's
why it takes an understanding of certain information that you will have. Again,
knowledge overcomes fear. And you will be expertly guided through the process.
(Basically, depending on the program, you will read the documents, sign them,
send them off, and fax any responses to the company we direct you to.)
13. What is "high enough"?
Anywhere from about $5,000 on up, depending on the credit card company.
14. What about just getting a debt consolidation loan?
Hey, sure...
If you want to put collateral behind debt that is currently unsecured...
If you don't mind the 92% chance you have of being worse off in just 5 years...
If you don't mind giving the equity you have away for free... Sure, then go
ahead. (I hope you can tell I'm being a bit sarcastic here. Debt consolidation
really has too many negatives to discuss here.)
15. How are cash advances considered?
They came from the credit card, right?
16. What about student loans?
I can point you to the right company depending on the specifics of your
situation.
17. What about a line of credit?
Credit is the delay of payment, and you write your name on a piece of paper
giving the bank or other lending institution the cash value for it... Credit is
credit. It all works pretty much the same.
18. What if I had a car repossessed and they're coming back to me for more
money?
Tell them that you'd be happy to pay upon proof of claim that they haven't
already taken the collateral from you and sold it or gave it to someone else.
And say it with a smile, right to their face. If you're on the phone, tell them
that you'd be happy to communicate with them through the mail. (There are
specific reasons for that. Way later in your own personal discovery process you
will love
that statement!) Oh, it's also now an unsecured debt. No problem.
29. Wouldn't it just be best to pay off the alleged debt?
Thank you for asking. If you agree that all lenders should be repaid, then
according to GAAP (Generally Accepted Accounting Principles) and the
institutions own bookkeeping entries, you first loaned them the amount of the
original debt in actual cash value.
I'm not going into any details about it because there are already two incredible books covering the subject (which you receive on audio cd when you use this program). But look at it this way...
You lend your friend Arthur $500. You later go shopping with him and he buys you a nice $150 DVD player. Then Art wants you to pay him back the $150, plus interest, plus late fees, plus annual charges, etc.
Should you pay Arthur?
It's the same question as, "Wouldn't it just be better to pay off the debt?" Now answer it.
l ELIMINATING DEBT l IMMEDIATE CREDIT RESTORATION l OFFSHORE BANKING SERVICES l
l ABOUT US l ASSET PROTECTION l CONTACT US l