Q. What type of debts can be included in the program?

All unsecured debts including credit cards, medical and dental bills, car repair bills, gas card bills, etc. A secured debt is one in which a creditor holds something as collateral, such as your home or car. Student loans, tax related debts and secured debts may be worked out through an alternative program. Contact us for more information on handling secured debts.

Q. How long does the program usually take to eliminate my debts?

The exact length of time can vary depending on how much funds are available to settle your debts. This will be discussed in more detail with your personal debt counselor. Generally it takes 6-26 months to complete the program.

Q. Why will creditors work with you and not me?

Due to the enormous amount of creditors we deal with on behalf of our members, creditors are more willing to work with us. Creditors know us to be reliable and are appreciative of the services we provide for our clients.

Q. How will the program affect my credit?

The settlement of debts may adversely affect your credit if your debts are all current and you have never missed a payment and you have no history of ever making a late payment. The result of eliminating your debt may actually make you a better credit risk in the future due to the ratio between debt to income. The reporting of a debt as settled as opposed to a bankruptcy will be seen as more favorable by future creditors.

Our commitment to minimize credit damage and guide you to a debt repair plan will ultimately lead to rebuilding your credit. We ensure that upon successful completion of the program you will receive a written acknowledgement from your creditor evidencing that you have satisfied that debt.

Q. How long does it take to get started?

When you use our on line forms, you can apply immediately.

Q. Will the debt management program also help me with my overall monthly budget?

Yes, the Liberty Plus program will help you to adjust your monthly expenses and formulate a monthly budget. By making just one payment on one day of the month, you will be able to plan more efficient and effective monthly budgets.

Q. Can I send more money once I have better cash flow?

Yes, and we encourage you to do so. You can always increase your payments, the more you send in the faster your accounts can be settled.

Q. When should I consider bankruptcy?

Bankruptcy should always be your last resort to solving financial problems. While bankruptcy may be appropriate for some, there are other alternatives available that can help you accomplish the same goal of getting you out of debt.

Remember bankruptcy will appear on your credit report for 10 years. It may also prevent you from applying for certain types of jobs, state licenses, loans and future credit.

Give yourself an advantage by settling your debts through our team of professionals.

Call Us Toll Free:

1-877-ELIM DEBT (1-877-354-6332)

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