How It Works
How does it work?
The first step is to fill out the free consultation form offered on this website. It is fast, easy, and free. Once you have completed the form, DebtEliminator101 will then view your case. We look at your debt amount, expenses, and income in detail. We review all unsecured debt and interest rates you may be paying on them. We look at your credit history and the payment plans you have set up for yourself. All expenditures are evaluated in depth. After going over all information in detail, a representative will then notify you to inform you if you are qualified or not. If you are not qualified for debt settlement, one of the representatives can refer you to a different debt management plan such as a credit counseling agency or a loan officer to consolidate your debt. There are many different options for you and DebtEliminator101 wants to help you find which one is right for you.
If you are qualified for our debt settlement program and like what is offered, we will call your creditors and get them to negotiate interest rates and any outstanding balances. As your debt amounts are being negotiated, you will then be expected to set up a savings account at a bank or credit union of your choice. You will be required to deposit a set amount of money into it every month or every paycheck depending on your financial situation. These funds will be determined after your case has been evaluated. Once those funds have accumulated and a final settlement has been negotiated with your creditors, DebtEliminator101will then set up the payment arrangements. We do not pay your creditors; we simply do the hard work to get your rates and balances lowered. We feel that it is important for you to maintain control of your own money, therefore you will control your own account. You will then be responsible for making the payments on the negotiated debt. DebtEliminator101 will counsel you and help you every step of the way.
Once you have paid all the debt, we will then work with you to improve you credit score. We will give you tips on what to do to improve it and aid in fixing any discrepancies you may have. DebtEliminator101 is a group of elite individuals who are skilled professionals that want to help you get out of your financial turmoil.
