Settlement Cost
How much will this cost me?
Essentially it will cost you nothing. By the time you have finished the program, the total amount you pay (to your creditors and us) will be far less then if you continue to pay your creditors on your own. First you will have the free consultation form to fill out, after which one of our debt specialist will contact you and give you an overview of the program. After looking over the information and, if you decide that you would like to pursue this action in getting out of debt you will then have an enrollment fee to pay. This fee consists of a small percentage of your overall debt. Once you have been enrolled and know that you are more than ready to do this, you will then be required to set up a savings account at a bank or credit union of your choice. You will set up a budget to follow to help you in getting the sufficient funds for the account. Once you have a substantial amount of money in the account DebtEliminator101 will then start the negotiation process with your creditors. It is important that all payments are stopped to the creditors before hand to accumulate the funds necessary for the settlement of your debt and to aid in making the creditor aware that you are serious in your debt management program.
Once the negotiated amount of debt is final with your creditors, a fee will be charged based on a percentage of the savings. Twenty-five percent of what the creditor has forgiven is the expected amount to be paid. For example, if you have a total debt amount of $10,000 and DebtEliminator101 is able to negotiate that down to $4,000, you will be charged 25% of the $6,000 forgiven debt. Twenty-five percent of $6000 is $1,560. In this case the total amount that you would be paying is $5,560 as opposed to $10,000.
In the long run, you do not pay any more than what you were initially expected to pay to your creditors; in fact, you pay much less. Once the debt is settled and paid off, you don’t have to worry about it anymore. It is something in the past, and moving forward, DebtEliminator101 will help you to maintain a financially free lifestyle. We will educate you on basic principals of money and help you in understanding wise money choices. This program is designed to help you for the rest of your life.
