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Frequently Asked QuestionsDebt Elimination Information1) Is there any right or wrong way to eliminate debt?Obviously, total debt elimination should be your first priority. You can best create wealth for yourself and your family by first eliminating credit card debt. There are, however, certain methods of debt management that work much better than others. If you were looking to purchase a home in the next few months, declaring bankruptcy now would be a terrible option. It would certainly eliminate your debt but you could also forget about the mortgage you applied for. There are so many variables to consider that the best way to plan the strategy that's right for you is to speak to one of our expert Financial Counselors. 2) Are my creditors going to be paid monthly? Your creditors will be paid monthly using the Debt Management service, the Roll Down service, home equity and the debt arbitration option. If using the home equity or debt arbitration model your creditors will be paid in full as soon the loan closes. If you utilize the debt settlement program, your creditors will not be paid monthly. One of the terms of this program includes accumulating funds in your account until a settlement is reached in writing with the creditor. This is done for your protection. 3) How long will it take to completely eliminate my debt? It depends on how much debt you have, which debt elimination program or service you choose, and how consistent you are with your debt consolidation payments. Speak to one of our expert Financial Counselors or use our debt calculator to learn which debt reduction program will work for you. 4) What if I change debt reduction programs? You can change your mind at any time. If your circumstances change and you and your Program Coach believe it would be best to change programs, go right ahead. There are no penalties or fees for doing so. 5) Does Fresh Start Solutions report to the credit bureaus? No. There is no need to report to the bureaus about your debt consolidation program. 6) Is Fresh Start Solutions a Credit Repair Company? Absolutely not! Credit repair, in the opinion of Fresh Start, is a bogus practice. If you were late paying your credit card debt or other bills, you were late. There is no way to change that. Fresh Start is a premier debt consolidation and credit counseling service that will assist and educate you on how to properly rebuild your credit. We will show you how your credit score is calculated and teach you the best way to recuperate it. 7) Is my financial information shared with anyone besides Fresh Start Debt Solutions and my creditors?
8) How much does it cost to enroll? Fees vary depending upon which service or program is used. Your Financial Counselor will explain all fees in detail. Regardless of the service or program that is used rest assured our fees are very reasonable and pay for themselves almost immediately. If we can't show you how to save a thousand dollars immediately you most likely do not need our services. 9) Who is eligible for Fresh Start? Just about anyone. If you are interested in eliminating debt, whether its credit card debt or a home mortgage we can help. Lets us show you how to save tens of thousands of dollars and build incredible wealth. |
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