Debt Rez takes a comprehensive approach to analyzing each our client’s financial needs. We will discuss your debt level, financial hardship, credit needs and what your financial goals are over the coming years. We work with you on preparing a budget to determine how much you can afford to apply towards reducing your debt and we look for opportunities to save you money on your monthly living expenses and suggest cost savings during that process. To get started we request that you forward your most recent copy of your creditor statements to be used for our free analysis. With all of this information at hand we work with you to explore your various options to select a program that is the best fit for you to achieve your goals. Lastly, we will suggest a program designed to get you out of your unsecured debt in 2-4 years.
The main two factors that affect your credit score are as follows: (1) Your bill payment history and (2) your debt-to-income ratio. Many people often mistake good payment history as "good credit". However, if all of your monthly take home pay is sent to your creditors to pay bills, chances are you currently have a dangerously high debt-to-income ratio and your credit rating may already be affected. In this scenario, the foremost concern should be to immediately reduce your living costs. Any debt management intervention, such as consumer credit counseling (CCCS), debt consolidation or debt settlement will have varying levels of impact on your credit. The goal of debt settlement is to help you get into a positive cash flow situation in the quickest, least expensive means possible by negotiating reduced settlement amounts with your creditors. This specifically addresses main financial crisis... the debt!
It is possible to settle your debts on your own. However most people find that dealing with your own debt matters is an emotional task, especially when you are the one talking with collectors who are experienced in using intimidation tactics in order to upset you and get you to do or say things that works against you. Because of these collection tactics, it often makes sense economically to let an expert manage these emotional negotiations on your behalf. Additionally by retaining Debt Rez you get the leverage of having the information obtained from settling debt for thousands of other clients so that we know how much the creditors have offered others in similar situations and what the process is for getting to those lower settlements. We are the professionals and our team is experienced and able to get results.
Many consumers often look to bankruptcy as the quickest means to resolve their financial struggles. It may be true that a bankruptcy only stays on your credit report for 7-10 years, however many credit or job applications today ask, “Have you ever filed bankruptcy?” On a job or credit application if you answer this question untruthfully it can be considered a federal offense, and thus bankruptcy may have negative impacts on you for the rest of your life. Due to bankruptcy having such permanent implications, it is often considered only as the last possible resort if no other means of resolving your debt is affordable. Bankruptcy can also be an expensive procedure to pay for. Debt Settlement is thus a great alternative to bankruptcy.
The estimated time frame required for you to go through the Debt Rez Settlement program depends on several factors, and this will be discussed with you during your initial free consultation. Because settlement negotiates a reduction of your total principal balances, many of our clients will be able to obtain agreeable settlements with their enrolled creditors in 24 to 48 months depending on their debt loads and individual circumstances. Should your income or financial situation improve at any point, you always have the option of expediting the program to become free of your enrolled unsecure debt sooner.
We are only able to help you with your unsecured debt concerns (credit cards, department store cards, signature loans, medical bills, collection accounts; etc.) You can select which accounts you would like for us to resolve. However, since our goal is to help you resolve your entire unsecured debt problem and not just part of it; we may recommend that you include all of your eligible unsecured debt.
Secured debt is defined as debt backed or secured by a mortgage or pledge of collateral or other lien in order to reduce the risk associated with lending and which the creditor has the right to pursue upon default. Examples of secured debt would be home mortgages, auto loans, student loans and some personal loans. Unsecured debt is defined as debt not secured by collateral in which the creditor holds no special assurance of payment. If the borrower defaults, the creditor has no specific assets designated to back up the loan.
No, Debt Settlement is an honorable and viable alternative to filing bankruptcy. Most consumers who are in need of debt assistance need immediate monthly cash flow relief. Consumer credit counseling or debt consolidation programs do not necessarily provide consumers with this much-needed monthly assistance. For many Americans, simply reducing the interest rate on already high balances does not provide enough relief to their monthly payment burden. As a result, the length to complete the debt consolidation plans often turns out to be considerably longer.
At Debt Rez we only employ the most professionally trained debt analysts with many years of experience in dealing with consumer finances. We have developed a small company approach to really taking the time to get to know our clients and determine each individuals needs such that they feel like they are dealing with a neighborhood service provider. At the same time we have affiliated with most professionally run national service providers in the industry in order to offer a state of the art technology based approach and the long lasting creditor relationships needed to ensure that our client’s goals get achieved and all of their questions and concerns are accurately addressed and answered.
In a time where the whole debt management industry has been through significant scrutiny we have a adopted a full disclosure approach to make sure our clients completely understand how our various programs work in order to make an informed decision. While this may sound like a basic business principle it has unfortunately not been fully adhered to by other companies offering similar services. You can take comfort in knowing that the founder of Debt Rez is a CPA with over 17 years of financial services experience and has been working in the Debt Relief industry for over 8 years.
Debt Rez, LLC constantly strives to improve the efficiencies and effectiveness of our debt resolution programs in order to better serve each and every customer. Our genuine concern for our clients is reflected in the lasting results we consistently achieve. Enrolling in any Debt Management plan is a two way partnership and you can be sure Debt Rez will hold up our end of the agreement and thus the ultimate success of our client is dependent on their ability to continue to make their monthly savings draft and stick to the plan we set up for them.
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Debt Rez, LLC is a member of (TASC) The Association of Settlement Companies. This trade association has developed a standardized industry disclosure for consumers.
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