Concord Law Group | Debt Consolidation Attorney | Debt Settlement | Illinois Debt Consolidation
Debt negotiation is a debt elimination method which benefits consumers and creditors alike. In the process of debt negotiation, a creditor receives a significant amount of what is owed to them rather than risking that they’ll receive nothing if the consumer files bankruptcy. A consumer receives assistance in the form of forgiveness of debt, typically credit card debt, and along with it comes the ability to start fresh financially. Often times, unsecured credit card debt is what drives consumers off the cliff of financial stability. The struggle to keep payments current and balances at the lowest interest rates can push you right off the edge. For people that wish to get out of debt fast, a debt settlement program is most effective way to do it. Contact Concord Law Group today in order to speak with a professional debt consultant to see if debt settlement is right for you. Most Americans do not have the time or knowledge it requires to manage the debt negotiations process successfully. Many people feel that since they have been a long time customer the credit card company will be sympathetic to their hardship and give them a break. We wish debt settlement was that easy, however it is not. In order to successfully negotiate a settlement with your creditors/collectors it requires a well thought out plan of phone calls and settlement proposals over time. Debt negotiations require the unpublished knowledge of the policies and procedures of hundreds of companies regarding how settlements are handled. A tactic that works with one credit card company could have the reverse effect and cause another company to become more aggressive. Concord Law Group offers state of the art debt negotiation services to Americans looking to resolve their debt situation in the quickest amount of time for the least amount of money. Over the years we have negotiated and settled over thousands of accounts. In doing so we've continued to develop and refine the process and program that we consider to be one of the very best in the country. Concord Law Group is owned and managed by experienced debt professionals with over 20 years of combined debt management and debt negotiation experience. Concord Law Group has helped thousands of families secure their financial future and we believe we are the team to negotiate your debt relief! You cannot afford to fall further and further behind while your peers take advantage of the debt relief programs available to the public. People are settling their debt all across the country for pennies on the dollar. You should think about doing the same. Concord Law Group understands that we as individuals cannot always make more money or income, but Concord Law Group will always work to help you eliminate costs that put a burden on you and your family. Be debt free today. Call Concord Law Group to speak to a professional consultant that can help you start fresh in life! Concord Law Group has become an increasing presence inside of the debt settlement community stemming from superior results and a support staff ranked number one in customer satisfaction. We truly understand how difficult it can be to catch up on your debt once the snowball effect is under way. Thousands of Americans just like you struggle daily trying to figure out how they can provide the life for themselves and their family that they would like to given such a debt burden that seems to grow by the minute, whether it's from increasing balances, an increase in your rate mandated by the creditor, or simply by the inability to make more than the minimum payments. You are not alone. Concord Law Group helps hundreds of people every day just like you become debt and we can do the same for you. Debt settlement is a fantastic way to eliminate your debt in a short period of time, typically by an average of 40% to 60% of your outstanding unsecured debt, giving you and your family the added financial flexibility to live comfortably without the constant fear of your debt burying you and your family. With our proprietary database, superior technology, and a top rated customer support staff, Concord Law Group has perfected efficiency in dealing with the literally thousands of creditors out there. Debt settlement can be easy, fast, and most importantly it can be a start over in the credit game of life. Thousands of people to date have taken advantage of and completed our debt settlement program. Our simple process begins with a consultation with one of our experienced debt counselors. We will become familiar with your unique financial situation, discuss your budget, and go over available options for managing your debt. We also go over the pros and cons of each debt management option available to you outside of debt settlement, including debt consolidation, credit counseling, and bankruptcy. We are only interested in enrolling our potential clients into a program that is appropriate for their unique circumstances, and therefore we will go out of our way to make sure you understand both the financial and legal consequences of the different debt relief options available to you. We have one of the highest consumer ratings in the industry because our goal is to ensure our clients are prepared to make an informed decision concerning their financial future. Once you have gone over your credit situation with one of our debt professionals, he or she will be able to develop several specific plans of which you have the option of choosing in order for you to reduce your monthly burden while erasing your debt in a matter of months. The idea is to keep you liquid through the negotiation process by reducing your overall monthly payments so that you are not struggling while we help to pull you out of this financially difficult situation. Your exact monthly payment will ultimately depend on what you feel comfortable paying based on how much debt you have, how quickly you would like to erase the debt, as well as what you were previously paying to creditors. Once you have decided on a debt settlement plan, our team of experts will again go over the process of how to communicate with your creditors to effectively minimize collection calls as well as provide other tips for accomplishing the best of success concerning settlement. Your debt negotiator and client service representative will be in contact with you throughout the program, keeping you informed every step of the way. There will be preliminary negotiations throughout, however, a settlement cannot be finalized without your consent. Reaching a settlement usually takes some time, but once a settlement has been reached, we will obtain an SIF(settlement in full) letter from the creditor and consult you for settlement approval. This process will continue until all of your accounts have been negotiated and you are debt free. Again, Concord Law Group is dedicated to maintaining an honest and open relationship with our clients in order to continue producing the best results in the debt relief industry. Please let Concord Law Group help you by contacting us today for a free debt consultation. Our experts can begin helping you eliminate your credit card debt today. Because we are not a TPA (third party assistant) there is NO PREPAYMENT PENALTY, NO UP-FRONT COST or ENROLLMENT FEE. We encourage you to get out of debt as quickly as you can. The faster you can save, the faster we can negotiate your account balances. Concord Law Group can proudly say that our fee is among the lowest in the industry and that we offer the most flexible programs to suit your individual needs. Over the years our average settlement is estimated at 40% of what you owe. For example, if you owe $10,000.00 on a credit card or unsecured bill, and we negotiated that balance to 40%, your estimated settlement would be $4,000.00. Debt Settlement Program Features: • Lower Monthly Payments • No Credit Check • No Home Ownership Required • Professional Financial and Debt Management • Free Credit Counseling • Technologically Superior Account Management Contact Concord Law Group at 1.800.369.7009 for a free consultation today! Debt and interest paid on that debt are becoming an increasing problem for most Americans and their families. If you are like most Americans, you're debt is probably a higher percentage of your income than ever before. Penalty fees and default interest rate increases are most likely destroying your disposable income and your ability to purchase everyday items of necessity. Reductions in available credit are ruining the ability of many small business operators to continue operations and could therefore be a strain on future hiring and employment. If this sounds like you or someone you know please realize you are not alone. Concord Law Group was constructed to help individuals and families that find themselves in this disastrous financial situation get out of debt. There are options and government programs available to help reduce your overall debt by up to 60%. There are programs to stop the suffering and erase your debt! Because there are various programs and options available to you as a consumer please make sure you understand the difference in debt relief options so that you are not taken advantage of by companies that claim to have your best interests in mind. You probably already feel as though you were taken advantage of by your current creditor; Do not let it happen to you and your family again! Secure your financial future by choosing the best debt relief option for YOU. There are 4 available options for the typical consumer concerning unsecured debt. The options available include: • Credit Counseling via a Counseling Service • A Debt Consolidation Loan • Bankruptcy • Debt Settlement Below is information on how the various programs work in detail. Please review the facts surrounding the debt programs available to you as a debtor in order to ensure that debt settlement is the right option for you. You must know the true cost of each alternative so that you can choose the debt settlement program that benefits you most; This is your second chance at a fresh financial start.
A major credit card company originally created the Consumer Credit Counseling Service (CCCS) organizations in the early 1980s to recover money from consumers who had fallen behind on their payments. Today, more than half of all consumers who begin with a CCCS program fail to finish. The reason is simple: CCCS companies work for the creditors; they seek to collect as much money as they can and typically charge a fee for their service. Another fact most people are shocked to find out, is that their payment can be equal to or higher than what you are currently paying and most plans are for over 5 years Many counseling services disguise themselves as non-profit, yet they charge you for their services! The vast majority of people that sign on with consumer credit counseling services never become debt free. These companies do not settle debt, but rather make payments to your existing creditors through funds which you furnish them. In order to complete the program, your creditors need to be paid in full. No accounts are settled and no savings are realized. Despite what many companies will tell you, a debt consolidation loan unfortunately is not a way to eliminate debt, but merely a way of borrowing additional funds to pay off your existing creditors. You are basically taking old debt and making it new again, assuming that you have the ability to secure a loan through a financial institution. While a consolidation loan might have a lower interest rate than the rates you are currently being charged, very often consumers find themselves in worse financial shape later down the road In many instances debt consolidation loans are secured with property and you ultimately could find yourself losing your home. You can't compare this option with debt settlement relief options that help alleviate the actual debt itself. A debt consolidation loan is just another way to shift your debt.
Debt settlement is the quickest and most effective way to become debt free and regain financial freedom once again, improving your quality of life! With the excessive interest rates being charged by most financial institutions, you will be paying your existing creditors for many years to come. Through a debt settlement program you can become debt free in 12 to 36 months, reducing the amount of debt you owe and avoiding years of hardship. Your creditors are happy because your accounts are resolved, and more importantly, you and your family are happy because you can get on with enjoying your lives once again. It's a win-win situation!!
Concord Law Group is a leader in the debt settlement industry. We have experienced and understanding professionals available to help you see if debt settlement makes financial sense for you. Please Contact Concord Law Group today for a free consultation and take a step toward financial independence.
How Do I stop a debt collector from contacting me? If a collector contacts you about your debt, you may want to talk to them to see if you can resolve the matter. If you decide after contacting the debt collector that you don’t want the collector to contact you again, write the creditor telling them you would like them to cease in contacting you. Make a copy of your letter and make sure to send the original by certified mail, and pay for a “return receipt” so you’ll be able to document when exactly the collector received the letter. Once the collector receives your letter, they may not contact you again, with two exceptions: a collector can contact you to tell you there will be no further contact or to let you know that they or the creditor intend to take a specific action, like filing a lawsuit. Sending such a letter to a debt collector you owe money to does not get rid of the debt, but it should stop the contact. The creditor or the debt collector still can sue you to collect the debt. If you are a member in our debt settlement program, we provide more instruction on minimizing these collection efforts to delay the creditors until the accounts can be settled for a fraction of the current balance. Is there a list of illegal practices for debt collectors? Harassment is not an acceptable or legal form of debt collection. Debt collectors may not harass, oppress, or abuse you or any third parties they contact. Some disallowed practices include but are not limited to: • use threats of violence or harm • publish a list of names of people who refuse to pay their debts (but they can give this information to the credit reporting companies) • use obscene or profane language or repeatedly use the phone to annoy someone. False statements made on behalf of a collector attempting to collect a debt CANNOT be made. Debt collectors may not lie when they are trying to collect a debt. Examples of unacceptable misrepresentations include but are not limited to: • falsely claim that they are attorneys or government representatives • falsely claim that you have committed a crime • falsely represent that they operate or work for a credit reporting company • misrepresent the amount you owe Additionally debt collectors may not engage in unfair practices when they try to collect a debt. Some examples of unfair practices include but is not limited to: • try to collect any interest, fee, or other charge on top of the amount you owe unless the contract that created your debt – or your state law – allows the charge • deposit a post-dated check early • take or threaten to take your property unless it can be done legally • contact you by postcard Can a debt collector speak with anyone else regarding my debt? A debt collector may contact other people – but only to find out your address, your home phone number, and where you work. Collectors usually are prohibited from contacting third parties more than once. A debt collector generally is not permitted to discuss your debt with anyone other than you, your spouse, your attorney or other authorized representative. The only time the creditor may contact a third party is if you have previously designated that authority to a third party. Can a debt collector garnish my wages? Wage garnishment happens when your employer withholds part of your compensation to pay your debts. Your wages usually can be garnished only as the result of a court order, and generally only a maximum of 25% can be garnished (laws differ from state to state, and some states prohibit wage garnishment entirely). If you are enrolled in a debt settlement program, often, even though creditors may threaten a law suit, it will not be carried out because funds have been set aside to settle the debt. In most cases, even if a law suit is filed, the creditors are still willing to settle the debt for less than the full balance and would prefer that outcome over pursuing legal action. Keep in mind that your creditors simply want money, not a legal battle. A settlement on an account is in most cases more cost effective than winning a judgment in court since even with a judgment, the creditor still has to pursue collection efforts to get paid. Are there certain benefits that cannot be garnished? Many federal benefits are exempt from garnishment, including: • Social Security Benefits • Supplemental Security Income (SSI) Benefits • Veterans’ Benefits • Civil Service and Federal Retirement and Disability Benefits • Service Members’ Pay • Military Annuities and Survivors’ Benefits • Student Assistance • Railroad Retirement Benefits • Merchant Seamen Wages • Longshoremen’s and Harbor Workers’ Death and Disability Benefits • Foreign Service Retirement and Disability Benefits • Compensation for Injury, Death, or Detention of Employees of U.S. Contractors Outside the U.S. • Federal Emergency Management Agency Federal Disaster Assistance In some rare circumstances, federal benefits may be garnished, such as to pay delinquent taxes, alimony, child support, or student loans. Where do I report illegal debt collection practices? If you believe your rights have been violated as a debtor by your creditors and their collection team, report the issue directly to your state Attorney General’s office (www.naag.org) and the Federal Trade Commission (www.ftc.gov). Many states have their own debt collection laws that are different from the federal Fair Debt Collection Practices Act. Your Attorney General’s office can help you determine your rights under your state’s law.
How soon will my accounts be settled? Upon receiving your completed debt settlement enrollment package from " ", our experienced staff will schedule a welcome call to go over any remaining questions you may have and cover the proper handling of creditor calls. Settlements with your creditors take time and can only be achieved once there is enough funds built up in your settlement savings account. However, our customer service team is always available via phone, email, and online to assist you with any needs or questions you have during the program. The amount of time to settle your accounts varies depending on the creditor, the account balance, and the monthly program payment you are set up on. You can be certain that with " " handling your debt settlement, as soon as there are enough funds available to settle, settlements will be negotiated to your benefit. Will debt settlement hurt my credit? Any method used to improve your debt situation other than making scheduled payments to your creditors will unfortunately negatively affect your credit score. There are too many unknown variables to predict how much your score will actually decrease, however the intention of this program is to settle your debt, not to improve your score. That can be achieved when the program is completed with the help of our free credit counseling program for enrolled members. Keep in mind that once your debts have been settled, your credit will begin to increase again automatically, and if you utilize our recommended credit repair program, your credit can be improved dramatically in a very short period of time. What's the difference between debt settlement and consumer credit counseling? With both shorter program durations and lower budgeted monthly payments, debt settlement programs frequently see higher success rates and fewer dropout rates. Debt settlement companies do not receive any fees, contributions or other forms of compensation from any entities other than the debtor clients. Conversely, credit counseling companies get money each month from their customers, plus they receive "contributions" from credit card companies and "fair shares" from banks. Another benefit is that debt settlement programs are typically 36 months or fewer in length. Credit counseling programs are usually 60 months or more. For consumers that complete programs, the total cost of a debt settlement program is usually about half the cost of a debt management program offered by a credit counseling company. What's the difference between debt settlement and bankruptcy? Bankruptcy is an option of last resort. It will remain on your credit report for 10 years and you can be denied employment, state licenses, insurance, and tenancy of an apartment. Most importantly, you can be denied virtually any type of credit with a bankruptcy on your record. In addition, since the bankruptcy laws have changed recently, it is even more difficult to qualify for Chapter 7, the method of liquidating assets to eliminate your debt. You will not be allowed to discharge alimony, child support, taxes, student loans, judgments, or any loan on the bankruptcy petition. Under Chapter 13 bankruptcy, your debt payments are simply restructured meaning you will still have to pay a percentage of your debts while you suffer the consequences of bankruptcy. Debt settlement is an attractive alternative to bankruptcy. It provides a convenient method to save money to help pay your debts in the near future. You’ll be able to resolve your debts and restore your credit much quicker through a settlement program. Do I need to include all of my accounts in the debt settlement program? Absolutely Not. You may choose which debts you would like to enroll in the program, as well as those you would like to exclude. There can often be a good reason to keep one or more accounts out and our professional debt counselors can go over your accounts individually and help you determine which, if any, to keep out. What if the creditor won't settle? It is extremely rare for a creditor not to settle. Due to the fact that you have a legitimate financial hardship, creditors realize that a settlement is in their best interest because if you file for bankruptcy, they can be left with nothing. Creditors lose billions of dollars per year from consumers filing bankruptcy. In spite of what creditors may tell you directly in their collection attempts, it is just good business for creditors to take settlements on delinquent accounts, and they do it every day. Will I continue to receive calls from debt collectors? Creditors have the right to attempt to collect on the debts owed to them. However, our highly experienced customer service team will assist you with any collection calls that become a concern, and make sure you understand your rights and how to best handle the collection calls to optimize your success in " "'s proprietary debt settlement program. Any company offering you a debt settlement program that claims to be able to stop all creditor calls is lying to you. At " " we are only interested in setting our clients up for success, and learning to properly handle creditor calls is crucial to that success. Creditor calls are not scary or intimidating when you understand what is going on behind the scene, and we can provide you with tips and tools to minimize the collection efforts and ensure the best success with settlements. Can I settle my accounts on my own? Unfortunately for you as the credit debtor, creditors will attempt to intimidate and bully most consumers who attempt to negotiate directly. Our team of seasoned negotiators have extensive knowledge in Federal and State Consumer Laws and exercise the Fair Credit Reporting Act, Fair Credit Billing Act, as well as the Fair Debt Collection Practices Act to help negotiate your debt to the lowest possible settlement. Debt collectors spend a lot of money training their collectors to intimidate consumers and are very effective in deceptive practices. If you don't know the laws and regulations that govern their behavior, it is easy to fall into their trap. So, although you can negotiate directly with your creditors, it is highly advised that you do the research and know all your legal rights before doing so. Most people find that it is much easier to leave the task to professionals that are specifically trained for this task. Contact Concord Law Group at 1.800.369.7009 for a free consultation today! Please click http://concordlawgroup.org/debt-settlement.htm
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