Clear Debt Results, Or CDR Ripoff; ruined credit rating; takes fee - does nothing Irving Texas

Most Americans only have 5 options in handling thier Debt! And never does any human at any point in thier Life want to file BK.

1. Make the min monthly payment as with most cards, start with a Low Interest rate and if that customer has a minor derog or financial harship(such as skipping a card payment due to an much needed Dr. Visit) it sky roickets to up to 30%. Then that once affordable card turns into a double payment which at many times creditors fail to reduce to interest.

2. They can pay off thier entire balance in full which only one card requires people to do that.(american express)Keep in mind the creditors dont make money on the ones that pay off 100% of what they owe as its thier goal to string along with min. high interest payments. It's always encouraged to pay down the balance quicker than the expected life span of any type of debt(mortgage,credit cards, car, etc)

3. BK is typically considered when there is Risk of loosing secured property!

4. Consolidation Companies, why hire a company who hides as NON profit as they work for the creditor, NOT YOU! It's thier goal to negotiate interest, basicaly they wil see how low your willing to accept but yet is still interest based as at times no less than 15%(still high) and can last up to 7 yrs.

5. Or Settle your debt at your own pace, even though most agreements are 36 months they base they agreements around your budget, NOT the SETTLMENT companies. And as any loan the faster you budget the faster you can get out of debt.

Dont hire a settlement company thinking they are protecting you, they are soley hired to settle your debt when your capable of doing just that.
You didnt hire them to refi your debt over the next 15 to 30 yrs as Equity loans are designed to do, as you hired them to Reduce Debt Ratio.
Most loans of any kind are turned down due to Debt Ratio, no matter how great the credit score is.

I have extensive industry experience although I am no longer in the industry and not with this company. Understand that if you can pay your bills you need to pay them. This program is for people who can no longer pay ONLY! Any corespondence you recieve from a creditor MUST be forwarded to the company you go with. YOU WILL GET CALLS!!! The original creditor ALWAYS has the right to contact you and nobody can stop this.

Refer to the Fair Credit Collections Practices Act for specific rule. It is better for this process if you don't talk with them however if you are told that you won't get calls, hang up, they are lying to you. If a constable shows up at your door you must contact the company representing you immediatley. They should be able to set up a payment plan out of the funds you pay toward thier program to avoid legal action. Good companies will tell you this up front but YOU should always ask!!! THESE BILLS ARE YOUR RESPONSIBILITY! If you don't feel comfortable do not sign anything or fill out anything on the net. If you do you are in contract. YOU must read and understand the contract. All of this info is probably in there, but most people don't read it. If you don't read/understand the "paperwork" you may have little recourse.

Research the company before you do anything. You can use this site, the bbb, or your state attorney general. There are good companies out there. You must understand this program helps people who can no longer pay. Thier credit is already messed up. You need to understand how these things work or you cannot make an informed decision. This process also takes TIME. If you are told it is a four year program EXPECT IT TO TAKE ALL FOUR YEARS. Your normal program should be 36 months, much more than that will increase your chances of being sued. Debt settlement is not legal in every state, you can probably find out by a simple internet search or by asking the representitive. I WOULD CHECK FOR MYSELF. The rep. may not be misleading you THEY MAY NOT KNOW. I hope this information is helpful. I wish you all financial wellness.