Financial Education on Debt Consolidation

Knowledge is the key to success. Our program uses our team of experts to arbitrate your debt for you. We take you by the hand, step-by-step, to help you legally, ethically and morally get your debt eliminated.

An essential part to this Debt Settlement Program is education. This is both ESSENTIAL to your understanding of the Debt settlement process and CRITICAL to your future financial stability & wealth building success.

Before starting the debt settlement program, you will receive a financial education that will provide you with the foundation of understanding of how our legal and financial system really works. You will get an in-depth understanding of money and economics, as well as information, education and access to numerous experts in several areas.

You Have a Choice

We are frequently asked the difference between all of the choices you have. There are quite a few differences, and the following will give you an excellent grasp of some of them. You have rights to protect yourself from creditors, but of course, we always recommend you contact us for a free consultation, but this information may be helpful when deciding how you would like to beat your debt.

When it comes to eliminating your unsecured debt, there are ultimately five (4) options to choose from - none of which are easy. Credit Solutions recognizes that every client's situation is unique. Our expert staff will help educate you to better understand these options so you can make an informed decision.

Your options are:

Bankruptcy

There are two kinds of bankruptcies for individuals - Chapter 7 and Chapter 13. But you may be required to give up some property in exchange for the erasure of your debts or payoff a portion of your debts over three to five years.

It may seem to be the quickest solution to removing your outstanding debt, and bankruptcy attorneys will tell you it will only remain on your credit for 7-10 years. However, almost all credit applications today ask the question, “Have you EVER filed bankruptcy?” Even if the bankruptcy has fallen off your credit report, to answer this question untruthfully is considered a federal offense. Bankruptcy is a permanent decision that will follow you for the rest of your life; therefore, it should only be considered as an absolute last resort to solving financial matters.

Consumer Credit Counseling Services

We work for you, CCC Company's work for your creditors. CCC's do not work on reducing the principle balance for you. They may be able to reduce the interest rates if the creditors you have allow it. With a CCC program you still pay the balance you owe PLUS interest. In return your creditors will show that you entered a CCC program on each of your credit reports with the 3 major Bureaus. Unfortunately lenders look at this remark negatively, and will not approve you for any type of new home or auto loan while the CCC is on your report. Our program is confidential, We are not required to report anything to the credit reporting agencies, and we will not. CCC's also make a lot more money than they lead you to believe. Your creditors kick back a percentage of each and every payment, and the "CCC" organization will usually still charge a monthly fee. Simply put, "Credit Counseling Companies are paid by creditors to be their debt collectors." (Source: Ray Martin, financial advisor, CBSNews.com, June 26, 2002)A CCC plan will have a negative impact on a credit worthiness decision by a potential creditor, landlord, or employer in the future. In addition, creditors will report that you are on a CCC plan and are not paying as originally agreed although they have accepted the reduced payment.

Prior to the introduction of Consumer Credit Counseling companies, Americans had very few options to deal with debt reduction, other than filing bankruptcy. CCC organizations were originally set up by a major credit card company in the early 1980’s as a means of recovering money from thousands of people that were starting to fall behind on their payments. They disguised themselves as “non-profit” organizations and were able to put on a friendly face, all the while working to collect money for the banks. Truth is, over 50% of all people who start a CCC program never actually complete paying off their debt. The reason is simple. CCC companies work for the creditors. These companies DO NOT reduce the total debt you owe, but rather “sells” you on the concept of combining your total monthly payments into one payment - often times higher than your regular monthly minimums. Immediate monthly cash relief is what most people seeking debt assistance need. CCC doesn’t always provide monthly relief, and as consumers soon find out, the new payment has a relatively minute impact on the total outstanding balances. Hence, the 4-6 year plan they were originally told, turns out to be much longer.

Debt Settlement

Debt Settlement is when an impartial third party works to reach a favorable agreement legally, ethically and morally for both parties (you and your account providers) concerning the repayment of the outstanding debt comfortably.

Credit Solutions debt settlement program is the most effective method to help consumers legally get out of debt. We work for you not the creditors, ensuring the best possible results for you and your family. We keep in mind the Fair Dept Collection Practices to work for you.

In today’s economy, consumers are demanding the most effective means to resolving outstanding debt. Debt settlement offers you an intelligent solution to becoming debt free within a realistic time frame. By reducing your total outstanding credit balances up to 75% with an effective 0% interest rate, people can begin to realize the only alternative to regaining control of personal finances is by negotiating the total balances, rather than just reducing interest. Debt settlement is the best debt reduction option as it creates an environment that totally benefits the consumer. We save you the most amount of money possible, we are a confidential program, we don’t have to report to the credit agencies and will not.

Do nothing

Credit Solutions does not see this as a viable option, although there are a number of consumers who do. In order for things to change, you must change. Doing the same thing over and over will only yield the same results. If you enjoy how your current situation is making you feel, don't do a thing. However, if you are ready to regain control of your financial destiny and make your life less stressful, then its time to talk with one of Credit Solutions credit specialists.

There are great numbers of companies offering innumerable solutions to debt. This makes it difficult to understand which company will provide the appropriate course of action a client may pursue. As each situation is different and a function of many elements, the choice becomes even more complex. Ultimately, decisions should be made as informed as possible.

Debt Settlement Program of Credit Solutions

Debt Settlement is when an impartial third party (Credit Solutions) works to reach a favorable agreement for both parties (you and your account providers) concerning the repayment of the outstanding debt comfortably.

Credit Solutions LLC. specifically reduces your current outstanding total balances legally, ethically and morally up to 75%, which INCLUDES ALL FEES charged by our company

• Get rid of your unsecured debt based on your “Ability to Pay” not what the creditors say you “Have to Pay”
• Pay your accounts off at an EFFECTIVE 0% interest rate
• Legally Get out of Debt FASTER than you ever thought possible
• Put an end to creditor harassment, and get back to living a stress-free lifestyle
• Credit Solutions LLC. Accomplishes this within 6-46 months with a lower monthly payment than any other debt settlement option.
• Credit Solutions LLC. involves a team of professionals who negotiate an agreed payoff amount with your creditors.
• Credit Solutions LLC. is NOT a consolidation loan or Consumer Credit Counseling Service.

Here at Credit Solutions, our plan is to help you break free from your debt burden. Our experienced staff takes great pride in helping individuals and families turn their current financial situations into a fresh start while placing immediate relief from the unaffordable monthly payments and/or insanely high interest rates creditors LOVE to charge.