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Do It Yourself Debt SettlementFresh Start Debt Solutions offers a certified Consumer Credit Counseling Service (also referred to as debt management) designed to assist clients who can just about make their minimum payments and who need to keep their credit in fair standing. Our consumer credit counseling service can drastically lower interest rates on all of your credit cards - sometimes as low as 2%. Using the consumer credit counseling program you will be repaying 100% of the principal but only a small portion of the interest. It is not necessary to be current on your credit cards and in most cases Fresh Start will be able to "re-age" your accounts. Re-aging is the process, by which your creditors report your accounts as current because you have enrolled in our credit counseling service.Debt ManagementHere's an example:Card #1: Chase Balance $5,400 Current APR- 23.99% Card #2: MBNA Balance $3,000 Current APR- 18.00% Card #3: Citibank Balance $7,000 Current APR- 24.49% Fresh Start Debt Solutions was able to lower the interest to 7%, 9.9%, and 9.9%, respectively on these three credit cards. That's a savings of $181.00 in interest per month! If this scenario looks familiar, your dollar can be just as powerful and your debts can be paid off in about four years. Paying these conventionally (without debt management) will take you nearly twenty years. The best part is we make all the payments for you. You make one payment every month and Fresh Start Debt Solutions will disperse the money to all of your creditors. No nasty phone calls from collectors, no more "final notice" letters, and certainly no more stress. Your enrollment in the credit counseling service will be recorded on your credit report. Your account will probably be listed as enrolled with debt management. This is not a real problem; it has been decided by Fair Isaac (the company responsible for your credit score) that being involved in a debt management program does not put you at greater risk for bankruptcy, and therefore does not have any significant impact on your credit score. Consumer credit counseling can often lower your monthly payments. If you are having real difficulty keeping up or if you are already significantly behind on your payments, debt management may work for you. If lowering your payments slightly, accelerating your progress toward total debt elimination, while not damaging your credit in the short term is important to you, then debt management is the way to go. Take the first step. Call us. The consultation is free; there is no obligation at all. Talk to one of our Financial Counselors and discover how debt management can work for you. Take the first step to financial freedom. Call us today at 1-888-4PAYDEBT for more information. |
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