DebtReliefCentersAmerica.com

FAQ's About Debt Relief

Question: Will this hurt my credit score?

We're here to help you pay off your debt by talking to the people you owe money to. We try to make a deal so you pay less than what you originally owed. How fast we can help you depends on a few things, like what your credit report looks like when we start and if you have other debts, even ones you owe to us. Just so you know, this might make your credit score go down.

Question:What happens if I don't pay my monthly bill?

If you can't pay your bill on time, we can help you change your payment schedule. Just tell us at least seven days before your next payment is due.

Question:Are programs for debt relief and settlement legal?

Yes, debt relief programs are legal. The companies must follow rules and be registered. Never pay upfront fees to these companies. We've been helping people for over ten years. schedule. Just tell us at least seven days before your next payment is due.

Question:What can I do if my creditors break collection rules?

If a creditor breaks the rules, you can take them to court. We'll watch how they contact you and help you if they do something wrong. schedule. Just tell us at least seven days before your next payment is due.

Question:What happens if my creditors sue me?

If you get sued by a creditor, send us the legal papers right away. We work with lawyers in every state to help you. schedule. Just tell us at least seven days before your next payment is due.

Question:How does the process of debt relief work?

We'll look at your debt for free and help you without charging any fees upfront. You only pay us after we help reduce your debt. We usually charge 15% to 25% of the amount reduced. schedule. Just tell us at least seven days before your next payment is due.

Question:What should I say to a calling creditor or collection agency?

Tell them you want everything in writing because you can't pay right now. You don't have to talk to them directly. If they keep calling, contact us for help. schedule. Just tell us at least seven days before your next payment is due.

Question:What happens if I face legal action from my creditors?

Creditors can sue, but it's expensive, so they usually don't. If a creditor does sue, we can help. schedule. Just tell us at least seven days before your next payment is due.

Question:Will my forgiven debt be taxable?

You might have to pay taxes on forgiven debt over $600. However, if you're insolvent, you might not need to. Talk to your tax advisor for more details. schedule. Just tell us at least seven days before your next payment is due.

Question:Who meets the program's requirements?

Anyone struggling to pay their bills with at least $10,000 in unsecured debt can join the program. schedule. Just tell us at least seven days before your next payment is due.

Question:Will I get a call from debt collectors?

Yes, but there are rules to protect you from harassment. We'll give you tips on how to handle these calls. schedule. Just tell us at least seven days before your next payment is due.

Question:Can I handle my creditors on my own in negotiations?

You can, but it's hard and might not work as well. We have experience and can often get better results. schedule. Just tell us at least seven days before your next payment is due.

Question:Do I have a good chance of resolving my debt?

If you have over $7,500 in unsecured debt and want to pay it off in 1-4 years, debt settlement might work for you. schedule. Just tell us at least seven days before your next payment is due.

Question:Is this a loan for debt consolidation?

No, we help reduce your debts into one lower monthly payment. schedule. Just tell us at least seven days before your next payment is due.

Question:How much time will it take me to finish the program?

It usually takes 12 to 60 months, depending on how much debt you have and how much you can pay each month. schedule. Just tell us at least seven days before your next payment is due.

Question:What distinguishes debt relief from debt consolidation?

Debt relief reduces your total debt after negotiations. Debt consolidation combines all your debts into one loan with a single payment. schedule. Just tell us at least seven days before your next payment is due.

Question:Is my dedicated account's money FDIC insured?

Yes, your money is insured up to $250,000. schedule. Just tell us at least seven days before your next payment is due.

Question:Will interest and late fees still be applied to my debts?

Yes, your credit card company can still charge interest and late fees until we negotiate a new agreement. schedule. Just tell us at least seven days before your next payment is due.

Question:Is debt relief actually valuable?

Yes, it can reduce stress and help you manage your finances better. It can also help you focus on more important things in life. schedule. Just tell us at least seven days before your next payment is due.

Question:Can I use my credit cards while I'm registered for the program?

No, but keep one card for emergencies.