How Debt Free America Can Help You
57A lot of people
unfortunately get into debt because of circumstances beyond their control like
being laid off, having a medical emergency, or dealing with the death of a
spouse. There are also people who get into serious debt from not learning the
basics of money management. Debt Free America has plans to get people who
are seriously in debt back on track with regular, consistent payments, with the
goal of paying down debts within three to five years.
Debt Free America has debt management programs that can provide the following
benefits: reduced monthly payments from negotiating with creditors; fee waivers
negotiated with creditors; re-aging, which is marking a past due account as
current to help increase your credit score; and interest rate reductions.
These debt management aids are typical, but they are not guaranteed. A debt
management plan can help you with unsecured debt like medical bills, credit
cards, lines of credit, taxes, and accounts in collection. Debt Free America
negotiates with lenders, department stores, hospitals, government agencies, and
collection agencies. It is important to note that secured debts like car loans
and mortgages are not included in Debt Free America's debt management programs.
Those who enlist in the services of Debt Free America must commit themselves to
the responsibility of making consistent monthly payments to creditors and
keeping in frequent contact with Debt Free America. Debt Free America has
certified credit counselors to help those who need assistance coming up with a
solution to getting out of debt. The process involves filling out forms with
personal and financial information. In return, you'll receive a 13-page
analysis that takes a frank look at your financial situation, including areas
where you may be spending too much, and what your "bottom line"
(income versus expenditures) is each month. Your counselor will discuss your
options for getting out of debt, whether it involves handling it on your own or
through a budget management plan involving creditors and Debt Free America's
negotiation services.
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