Program Benefits

A debt negotiation firm negotiates with credit card companies, law firms, banks, and other lenders to reach an agreed-to amount to pay off the original debt. Lenders are willing to accept reductions of as much as 50-70% in order to collect something on accounts now instead of having to wait and or risk loosing everything if a person files bankruptcy or never pays. If you are having trouble paying your creditors, or are only able to pay the minimum monthly payments, our debt negotiation / settlement program may be right for you. Using our debt settlement program, you can save up to 50-70% or more on your total debt, and can get out of debt in 2 or 3 years or even less! You benefit because you can get out of debt with less money and a shorter time frame than paying minimum payments, and a better credit rating in the end with a low debt to income ratio.

Many people turn to debt negotiation for different reasons. You may be on a consolidation plan and seeing no progress. Perhaps, you have suffered a financial setback while trying to keep a sinking business afloat. You may have decided that you have paid the credit card companies enough interest and that it is time to eliminate the debt, while avoiding bankruptcy, and to start anew. Maybe, your income is such that you don’t qualify for bankruptcy, but are unable to make the minimum payment. Or, you may have some home equity that could take care of a negotiated reduction in debt.

Ultimately, making settlements has a much better long term outcome than bankruptcy. Bankruptcy is on one's court records for 20 years, and can be asked about indefinitely by future lenders or employers.

Flexibility is one of the key benefits of a debt negotiation plan. As opposed to a chapter 13 bankruptcy where the courts are designating the amounts you should be paying each month, you are in control. Based on the funds available, settlements are reached. The more funds, generally, the quicker settlements can be finalized. The following are different models of how a debt negotiation plan can be structured to meet your unique situation:

1. Set aside funds on a monthly basis to put toward settlements.
In this model, you set aside funds on a monthly basis that accumulate to provide the funds to put toward settlements. In contrast to a structured payment plan, such as debt consolidation, you are able to set aside as much or as little as possible each month. Creditor calls should be handled by the debt negotiation firm during the negotiation process. While interest and late fees are accumulating during this process, they can be minimized by negotiating installment settlements. The risk, for most creditors, of being sued is low, and different things can be done to stall the creditors if a suit is filed.

A common model of debt negotiation is where an individual starts the debt negotiation program with a low income, but is able to increase his/her income over the period of time following the start of the debt negotiation plan.

2. You have a lump sum to put toward settlements.
Depending on the size of the lump sum, there will be two scenarios: First, the debts are settled for less than the amount of the lump sum and you have some money left over. In the second scenario, most of the debts are settled, and there is a small amount left over for which you are setting aside funds on a monthly basis to make settlements. Having a lump sum is very powerful because, in the unlikely chance that a creditor files suit against you, the debt negotiation firm can immediately work to reach a settlement to resolve the suit.

Many clients choose to use part of their 401k or a small equity loan to put toward the settlements. Other clients are able to obtain a small loan from friends or family.
Many people struggling for a long time on their own, only to have fewer options available because of having exhausted their financial resources when trying to do it themselves.

An added benefit by using the power of our debt negations / debt settlement program is your total unsecured debt is paid off within 3 years, allowing you to focus on your important family goals. The same money that you applied to debt elimination through our debt settlement program can now be applied to building assets that can produce income rather than liabilities that produce expenses. So after the program let your monthly allocation build into a retirement income and not wasted chasing a lifetime of paying interest charges with a major portion of your payment. The true savings of our program is tens of thousands of dollars of future interest charges you will no longer be paying that can now go into a family savings plan.

Now is the time to act. Find out your options. Put in place a plan to reduce your stress, and have a light at the end of the tunnel; with respect to your debts. Take action now and eliminate life shortening stress and a life time of paying high interest charges.

Feel free to get a free, no-obligation debt reduction consultation with an experienced financial counselor at Rapid DebtX Inc.

Your debt and the stress that it causes can be eliminated when you speak with an understanding counselor who will put in place a plan to help eliminate your unsecured debts. Submit a request for a price quote now!!