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American Debt Foundation
http://www.americandebtfoundation.com
(Better Business Bureau Approved)
click link

Debt Consolidation
Debt consolidation – Combines all of your unsecured debts into one payment
at a lower interest rate and shorter payoff duration. In many cases any
late fees and penalties are eliminated. Debt Consolidation is in most
cases the most beneficial program for the consumer. Debt Consolidation
is the general term used for consolidating bills through a third party.
- Customer Information
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American Debt Foundation
http://www.americandebtfoundation.com Call Us Today
For A Free Debt Consolidation Quote!
1(866)411-3328- 1(866)411-DEBT
By entering into our debt
consolidation
program, the creditors will make a compromise by reducing and in some
cases eliminating the interest that you are currently being charged. The
compromise the creditors will ask of you in return is that you don't charge
on any of the credit cards that are included in this program.
What this means to you is the money you
pay toward your debts through the program are going toward reducing your
principal rather than going to the finance charges. In order for the creditors
to do that, they require minimum monthly payments based on your balances
in order for you to qualify for this program.

American Debt Foundation
http://www.americandebtfoundation.com
American Debt
Foundation, Inc.
Debt settlement is a form of debt relief that can assist you in
overcoming the burden of overwhelming debt in less time and for less
money than other debt relief options.
On average, consumers who complete the American Debt Foundation's
debt settlement program do so in 3 to 5 years and generally pay less
than half of the balance owed.* That amount typically includes any
interest charges, late fees, and the debt settlement company's fees.
American Debt Foundation's debt settlement program is an
alternative to bankruptcy, which exists to assist consumers with
significant debt due to personal or medical hardships.
Too often, consumers join consumer credit counseling services in an
attempt to repay their debt, but soon find that it may have not been
their best debt relief option. Some estimates show over 75% of
people who turn to consumer credit counseling services either quit
or are dropped from the program. As a result, many clients end up
filing for bankruptcy. Debt settlement is an alternative solution
for people who legitimately cannot afford to repay their debts and
are looking for an honest way out of a debt-burdened life.
Debt settlement serves an important role in the debt relief
industry because it is not like consumer credit counseling, debt
consolidation and other debt relief options that coach you through
repaying your entire debt, even if you cannot afford to do so.
Instead, debt settlement involves negotiating with your creditors to
settle your debt for a reduced amount. This is why debt settlement
is a growing debt relief solution.
Many credit card companies have debt negotiation and settlement
departments for the specific purpose of negotiating with debt
settlement companies like American Debt Foundation. While they
prefer that you repay the entire amount you owe, creditors
understand that lending credit is a risk, and sometimes consumers
experience legitimate financial hardships that prevent them from
repaying the full debt.
It is important to us that you understand the debt settlement
process or any other debt relief option you choose before committing
to a program. The following pages explain how and why the debt
settlement process works. Keep in mind that not all debt settlement
companies are alike and others may not have the same process and
steps described here.
What is debt settlement?
Debt settlement is when you repay your creditors less than you owe
to satisfy your debt. People with overwhelming debt can enroll with
a debt settlement company who will negotiate with their creditors to
settle their debts for a fraction of what they owe.
In a debt settlement program, you deposit money into a savings
account each month, instead of paying your creditors. Once enough
money builds up, the company negotiates with your creditors to
accept a lump sum payment. If the creditor accepts, this agreement
settles the account. Your debt is considered paid and you can begin
saving for the next settlement offer.
What settlement results do your clients typically see?
On average, we settle our clients' debts for about 30-50% of the
entire amount owed.
How long will it take me to get out of debt?
Our program graduates are typically out of debt in 12 to 36 months.
Can American Debt Foundation help with harassing collection calls?
No company can completely stop debt collector calls. However, we
ask your creditors to contact us directly about your accounts. We
also offer specific advice for dealing with unwanted collector calls
that come to your home.
Does American Debt Foundation offer any guarantees?
American Debt Foundation is one of the few companies in this
industry to offer a 30 day money back guarantee.
How much is American Debt Foundation's debt settlement program
going to cost me?
Our professional debt consultants will work with you to create a
customized payment plan according to your financial situation. Our
fees are a percentage of the total amount you owe.
Why would my creditors accept less than the full amount I owe?
Your creditors prefer to collect the full amount you owe; however,
they know that if you file bankruptcy, they may receive no payment
at all. Creditors are usually open to debt settlement once they
recognize that you are facing significant financial hardships and
are trying to avoid bankruptcy. Your creditors would rather accept a
lump sum payment of 50% of your debt than risk getting nothing at
all.
Can I be sued by my creditors while enrolled in your program?
We do everything in our power to negotiate a mutually agreeable
settlement, but there is the possibility a creditor can take legal
action to get you to pay. This usually happens when creditors think
they can recover the full amount you owe through the courts. We are
not a law firm and we recommend you speak with a licensed attorney
in your state for more information.
How will debt settlement affect
my
credit?
Debt settlement can have a negative impact on your credit.
However, debt settlement can also get you out of debt faster than
many other debt relief options so you can begin rebuilding your
credit sooner. If you are already behind on payments, or you might
be shortly, your credit is already impaired - you have too much debt
compared to your income. This is known as a high debt-to-income
ratio. To be considered credit-worthy again, you must drastically
reduce or eliminate your debt, thereby reducing your debt-to-income
ratio.
Remember, you can always rebuild your credit and it's much easier
to rebuild your credit without the burden of overwhelming debt or a
bankruptcy mark on your
credit
report.
Once I've enrolled in American Debt Foundation's debt settlement
program, who maintains control of my finances?
You maintain control of your finances. Instead of paying us or your
creditors, you deposit money into a third-party savings account
every month. When enough money accrues and your creditors are ready
to settle, the money from that account goes toward your settlement.
Because you ultimately maintain control of your finances, your
commitment is essential to the success of your program.
What if I need to cancel the program?
You can cancel the program and withdrawal the money in your
set-aside account at any time. We do not have a long term
commitment, so you are under no contractual obligation to stay if
you decide the program is not right for you. You will not be charged
any penalty fees, closing fees or any other hidden charges.
Does everyone qualify for American Debt Foundation's debt
settlement program?
Not everyone qualifies for debt settlement. Debt settlement is an
alternative to bankruptcy for people with overwhelming debt who have
endured personal or financial hardships that prevent them from
repaying their creditors.
What types of debt does American Debt Foundation settle?
There are generally two types of debt: unsecured and secured.
Secured debt is backed by collateral such as a house or a car.
American Debt Foundation cannot settle secured debts because
creditors can simply repossess the assets if you fall behind in
payments. Unsecured debt is not backed, or secured, by collateral
and therefore it can be negotiated. Unsecured debts include credit
card debt, medical bills, repossessions, etc.
American Debt
Foundation, Inc.
Debt settlement is a form of debt relief that can assist you in
overcoming the burden of overwhelming debt in less time and for less
money than other debt relief options.
On average, consumers who complete the American Debt Foundation's
debt settlement program do so in 3 to 5 years and generally pay less
than half of the balance owed.* That amount typically includes any
interest charges, late fees, and the debt settlement company's fees.
American Debt Foundation's debt settlement program is an
alternative to bankruptcy, which exists to assist consumers with
significant debt due to personal or medical hardships.
Too often, consumers join consumer credit counseling services in an
attempt to repay their debt, but soon find that it may have not been
their best debt relief option. Some estimates show over 75% of
people who turn to consumer credit counseling services either quit
or are dropped from the program. As a result, many clients end up
filing for bankruptcy. Debt settlement is an alternative solution
for people who legitimately cannot afford to repay their debts and
are looking for an honest way out of a debt-burdened life.
Debt settlement serves an important role in the debt relief
industry because it is not like consumer credit counseling, debt
consolidation and other debt relief options that coach you through
repaying your entire debt, even if you cannot afford to do so.
Instead, debt settlement involves negotiating with your creditors to
settle your debt for a reduced amount. This is why debt settlement
is a growing debt relief solution.
Many credit card companies have debt negotiation and settlement
departments for the specific purpose of negotiating with debt
settlement companies like American Debt Foundation. While they
prefer that you repay the entire amount you owe, creditors
understand that lending credit is a risk, and sometimes consumers
experience legitimate financial hardships that prevent them from
repaying the full debt.
It is important to us that you understand the debt settlement
process or any other debt relief option you choose before committing
to a program. The following pages explain how and why the debt
settlement process works. Keep in mind that not all debt settlement
companies are alike and others may not have the same process and
steps described here.
What is debt settlement?
Debt settlement is when you repay your creditors less than you owe
to satisfy your debt. People with overwhelming debt can enroll with
a debt settlement company who will negotiate with their creditors to
settle their debts for a fraction of what they owe.
In a debt settlement program, you deposit money into a savings
account each month, instead of paying your creditors. Once enough
money builds up, the company negotiates with your creditors to
accept a lump sum payment. If the creditor accepts, this agreement
settles the account. Your debt is considered paid and you can begin
saving for the next settlement offer.
What settlement results do your clients typically see?
On average, we settle our clients' debts for about 30-50% of the
entire amount owed.
How long will it take me to get out of debt?
Our program graduates are typically out of debt in 12 to 36 months.
Can American Debt Foundation help with harassing collection calls?
No company can completely stop debt collector calls. However, we
ask your creditors to contact us directly about your accounts. We
also offer specific advice for dealing with unwanted collector calls
that come to your home.
Does American Debt Foundation offer any guarantees?
American Debt Foundation is one of the few companies in this
industry to offer a 30 day money back guarantee.
How much is American Debt Foundation's debt settlement program
going to cost me?
Our professional debt consultants will work with you to create a
customized payment plan according to your financial situation. Our
fees are a percentage of the total amount you owe.
Why would my creditors accept less than the full amount I owe?
Your creditors prefer to collect the full amount you owe; however,
they know that if you file bankruptcy, they may receive no payment
at all. Creditors are usually open to debt settlement once they
recognize that you are facing significant financial hardships and
are trying to avoid bankruptcy. Your creditors would rather accept a
lump sum payment of 50% of your debt than risk getting nothing at
all.
Can I be sued by my creditors while enrolled in your program?
We do everything in our power to negotiate a mutually agreeable
settlement, but there is the possibility a creditor can take legal
action to get you to pay. This usually happens when creditors think
they can recover the full amount you owe through the courts. We are
not a law firm and we recommend you speak with a licensed attorney
in your state for more information.
How will debt settlement affect
my
credit?
Debt settlement can have a negative impact on your credit.
However, debt settlement can also get you out of debt faster than
many other debt relief options so you can begin rebuilding your
credit sooner. If you are already behind on payments, or you might
be shortly, your credit is already impaired - you have too much debt
compared to your income. This is known as a high debt-to-income
ratio. To be considered credit-worthy again, you must drastically
reduce or eliminate your debt, thereby reducing your debt-to-income
ratio.
Remember, you can always rebuild your credit and it's much easier
to rebuild your credit without the burden of overwhelming debt or a
bankruptcy mark on your
credit
report.
Once I've enrolled in American Debt Foundation's debt settlement
program, who maintains control of my finances?
You maintain control of your finances. Instead of paying us or your
creditors, you deposit money into a third-party savings account
every month. When enough money accrues and your creditors are ready
to settle, the money from that account goes toward your settlement.
Because you ultimately maintain control of your finances, your
commitment is essential to the success of your program.
What if I need to cancel the program?
You can cancel the program and withdrawal the money in your
set-aside account at any time. We do not have a long term
commitment, so you are under no contractual obligation to stay if
you decide the program is not right for you. You will not be charged
any penalty fees, closing fees or any other hidden charges.
Does everyone qualify for American Debt Foundation's debt
settlement program?
Not everyone qualifies for debt settlement. Debt settlement is an
alternative to bankruptcy for people with overwhelming debt who have
endured personal or financial hardships that prevent them from
repaying their creditors.
What types of debt does American Debt Foundation settle?
There are generally two types of debt: unsecured and secured.
Secured debt is backed by collateral such as a house or a car.
American Debt Foundation cannot settle secured debts because
creditors can simply repossess the assets if you fall behind in
payments. Unsecured debt is not backed, or secured, by collateral
and therefore it can be negotiated. Unsecured debts include credit
card debt, medical bills, repossessions, etc.
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