Expert Debt Fix

Credit card debt settlement entails submitting a lump-sum payment for the majority of what you owe. In return, the company that owns the debt forgives part of the outstanding balance as well as certain fees and finance charges.
This is a good option if you are challenged with a high amount of debt. It can save you money by potentially reducing the principal balance owed on your accounts so that you can pay them off for less.

Debt forgiveness does exist, and it is possible to settle your balance for less than what you owe. But to have it totally erased is rare, unless you have a compelling reason like fraud or identity theft.

All of our services are completely confidential. We will only contact your creditors if you decide to begin a DMP, in order to set up your repayment plan.

Yes. You can still benefit from a debt management plan even if you've become delinquent on your credit card accounts. Depending on the creditor and the severity of the delinquency, your accounts may even be considered current after a certain number of DMP payments.

A DMP is not a loan or a line of credit and won't be listed as a creditor on your credit report. Accounts included on a DMP may show as being paid through a debt management plan, but this should disappear once the account has been paid off.

All unsecured debts should be included on your debt management plan. However, exceptions can occasionally be made. Discuss any accounts you’d like to keep open with your counselor.

We charge a Onetime fee only that is 12%-18% of the total amount.
If we can’t settle your accounts, within a year , you don’t pay a penny , Total refund . In the end, the total you pay for the reduced debt and the fee is usually lower than the original debt amount.

Unsecured debt such as credit cards and medical bills are, by far, the most common debts associated with debt management programs. Utilities, rent and cell phone services are other types of unsecured debt that could be part of a DMP. Some installment contracts, such as country club or gym memberships also could be eligible. There is no hard-and-fast rule for how far in debt you must be to get in a program, but most creditors and legitimate credit counseling agencies say your financial situation needs to be severe. In other words, you must owe more money than your income and savings can reasonably handle. Secured debts, such as a mortgage or auto loan, are not eligible for the program.

The goal is to lower the interest rates you pay on all debt eligible for the program. Some debt – mortgages, auto loans – is not eligible so the interest rates there will not be affected.

A DMP is an attempt to consolidate debts into one payment by reducing interest rates and reducing fees. Bankruptcy is a legal declaration that you can’t repay debts, even after all assets are liquidated. Filing for bankruptcy remains on your credit report for 10 years and can cause your credit score to drop by as much as 200 points.

The top benefit is that you are on a plan that should eliminate debts in 3-to-5 years and you will stop receiving harassing calls from debt collection agencies. Convenience is another plus. You make only one payment a month for your debt payment plan as opposed to numerous payments with numerous deadlines. You receive free educational material that should help you better understand how to manage debt. Finally, you can always call a credit counselor and receive free advice should your situation change.

No, creditors should stop calling you as soon as you start a debt payment plan and yes, they also will continue to send statements, which is important. Statements from the creditors should be matched up against statements from your DMP to make certain all payments are being applied correctly.

Yes.

If you find you have a healthier cash flow than your debt management plan budgeted for you, you can increase the amount of your monthly DMP payment either on a one-time basis or over a number of months. It’s never a bad idea to speed up the pace of your debt repayment when you can afford it. You should always let the credit counseling agency know in advance when you intend to submit more than the minimum payment.

Yes, with a Debt Management Plan you can alter your payment options. You can raise or lower your payments depending on your financial state. If your income reduces, it can be renegotiated in order to reduce payments. Similarly if you get an increment you can increase your payments to pay off quickly.

No, the creditors are not legally obliged to accept the reduced offers. However, it is normally accepted when it is seen that it is the maximum amount that you can afford to pay. Your Financial Statement containing details of the payments that are made to other creditors can also be send as an assurance of parity.

The time limit depends on your debt amount and the debt relief option used. Your creditors are requested to accept lower payments with reduced interest rates. Since you will pay back your debts slowly it will take a bit of time. If your circumstances change you can increase your monthly payments and become debt free faster.

Yes, there are a number of companies who will allow you credit or mortgage even when you are in debt. However this is not a good option as your financial state may turn worse. As such it is better to wait till your debts are cleared and then think of borrowing again.

Once you make your first payment, we will send your signed Power of Attorney (POA) to your creditors and start the negotiation process for DMP as per requirement.

Answer:

Debt management refers to a structured plan that helps you manage and pay off your debts in a more organized and affordable way. At ExpertDebtFix, we work with you to create a personalized strategy based on your financial situation. This can include negotiating with creditors to lower interest rates, consolidating your debts, and setting up a manageable monthly payment plan. By enrolling in our Debt Management Program, you can expect reduced stress, simplified payments, and a clear path toward becoming debt-free.

Why ExpertDebtFix?

We are committed to finding the best solution for your unique situation. With our years of expertise, we can offer you a comprehensive debt relief plan that fits your needs, reduces your monthly payments, and allows you to start rebuilding your financial stability. Take the first step toward financial freedom with us!

Answer:

If you’re struggling to keep up with your monthly payments, are making only minimum payments on credit cards, or constantly feel overwhelmed by debt collectors, you might benefit from our services. Signs that you need debt management help include:

• Missing or late payments
• Accumulating interest and fees that make it hard to pay off debts
• Struggling to pay for basic living expenses due to high debt levels
• Debt collection calls or legal threats

At ExpertDebtFix, we’ll assess your entire financial situation through a free consultation and help you determine the best solution.

Answer:

By opting for ExpertDebtFix, you gain access to the following benefits:

• Lower interest rates and fees: We work directly with your creditors to negotiate lower interest rates and waive unnecessary fees, making it easier for you to pay off your debt.
• Consolidated payments: Instead of juggling multiple payments, we help you combine all your debts into one simple monthly payment.
• Improved credit score: Over time, as you stick to the plan and reduce your debt, your credit score will improve, leading to better financial opportunities.
• Professional support: You get access to our experienced team, who will guide you through the process and be there for any questions or concerns.
• Debt freedom: Our goal is to help you become debt-free and move forward with financial confidence.

Let us take the burden of debt off your shoulders. With ExpertDebtFix, you can regain control of your finances and move towards a debt-free life.

Answer:

Debt management can actually improve your credit score over time. While enrolling in a Debt Management Program (DMP) might result in a temporary dip, as you begin to reduce your debt and make consistent payments, your credit score will gradually improve. By paying down your debt and reducing your credit utilization, you’ll demonstrate responsible financial behavior, which helps rebuild your credit score.

We also provide credit repair services to help correct any errors or discrepancies in your credit report, further boosting your credit score.

Answer:

ExpertDebtFix can assist with a wide variety of unsecured debts, including:

• Credit card debt
• Medical bills
• Personal loans
• Payday loans
• Collection accounts

Unfortunately, secured debts like mortgages, car loans, and student loans are not typically covered in a debt management plan, but we can offer guidance on how to deal with those separately.

Answer:

Once you enroll in our DMP, we:

1. Review your financial situation: Our debt advisors will assess your income, expenses, and debts.
2. Negotiate with creditors: We’ll contact your creditors on your behalf to negotiate lower interest rates, stop late fees, and consolidate your payments.
3. Create a repayment plan: We’ll create a monthly payment schedule that fits within your budget and allows you to pay off your debts in a timely manner.
4. You make one payment: Instead of sending multiple payments to various creditors, you’ll send one payment to ExpertDebtFix, and we’ll distribute it among your creditors.

Answer:

The length of time it takes to get out of debt depends on your individual financial situation, including the total amount of debt, your income, and the repayment plan we create for you. On average, our clients pay off their debt in 3 to 5 years. However, many clients start to see a reduction in stress and improvement in their financial situation within the first few months.

Answer:

At ExpertDebtFix, we are transparent with our fees. We offer affordable and flexible pricing based on the services you need. During your initial consultation, we’ll explain all associated costs and ensure you understand the value you’re receiving in exchange for our services. We believe in helping you get back on track, not burdening you with unnecessary fees.

Answer:

While on a Debt Management Plan, you will be asked to stop using your credit cards to prevent adding more debt. One of the keys to successfully getting out of debt is to stop accumulating new debt while paying down existing balances. Once you’ve completed your plan and become debt-free, you can begin rebuilding your credit and responsibly using credit cards again.

Answer:

Getting started with ExpertDebtFix is easy! Simply visit our website at www.expertdebtfix.com and fill out our free consultation form, or give us a call. One of our experienced debt advisors will reach out to discuss your financial situation, answer any questions you have, and explain how we can help you manage your debt effectively.

Ready to take control of your financial future?

Reach out today and take the first step toward financial freedom with ExpertDebtFix.

Answer:

Yes, we can! If you are facing foreclosure, wage garnishments, or legal action due to unpaid debt, it’s crucial to act fast. ExpertDebtFix works with you to negotiate with creditors and, when possible, prevent further legal action. We’ll help you come up with a plan to get back on track and protect your assets, including your home. Our team will guide you through the entire process, offering peace of mind in a difficult situation.

Answer:

Debt settlement involves negotiating with creditors to pay a lump-sum amount that is less than your total debt. While this may sound appealing, it can have a significant negative impact on your credit score and may involve fees and tax implications.

On the other hand, debt management focuses on lowering interest rates and consolidating payments, allowing you to pay off your full debt over time without the drastic consequences of debt settlement. Debt management is typically a safer, more sustainable approach for those who want to rebuild their credit and get back on solid financial footing.