Here are answers to some of frequently asked questions.

How Long Will It Take To Pay Back Debt Amount?

Number of Years to Pay-Off Credit Card Debt at 19%* Debt Amount Pay Off (Principle & Interest) Number of Year at 19% $10,000 $26,276.59 42 years, 9 months $15,000 $55,370.41 48 years, 11 months $20,000 $74,464.22 53 years, 3 months $25,000 $93,557.98 56 years, 7 months $30,000 $112,651.77 59 years, 4 months $35,000 $131,745.58 61 years, 8 months $40,000 $150,839.39 63 years, 9 months $45,000 $169,933.22 65 years, 6 months $50,000 $189,027.02 67 years, 1 months $60,000 $227,214.61 69 years, 10 months $70,000 $265,402.22 72 years, 2 months $80,000 $303,589.81 74 years, 2 months $90,000 $341,777.43 76 years $100,000 $379,965.06 77 years, 7 months $110,000 $418,152.62 79 years $120,000 $456,340.27 80 years, 4 months $130,000 $494,527.82 81 years, 4 months $140,000 $532,712.48 82 years, 8 months $150,000 $570,903.04 83 years, 8 months

*Number of years to payoff a credit card balance based on 19% interest and the cardholder making only the minimum monthly payment of 2.1 % of the outstanding balance. Most national cards require a minimum monthly payment between 2.0% and 2.4% of the outstanding balance. — CNN Money

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How Does Credit Results Compare With Other Debt Management Programs?

Debt Management Program Comparisons   TOTAL DEBT Credit Results Debt Consolidation Credit Counseling Do Nothing (Minimum Payments) $30,000 $30,000 $30,000 $30,000 Months To Repay 36 60 60 360 Interest Rate N/A 11.0% 9.0% 18.0% Extra Interest Paid   $9,136.36 $7,365.04 $132,765.22 Your Total Cost $16,500.00 $39,136.36 $37,365.04 $162,765.22 Monthly Payment $458.33 $652.276 $622.75 Variable Example Settlement 40%

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How Do I Qualify?

You must have a minimum of $10,000 of unsecured debt. A one-on-one, confidential consultation with one of our Consultants will help you determine if debt settlement is right for you. Fill out the form to have one of our Credit Consultants contact you for a free no obligation consultation.

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How does your program work?

Our program is a debt settlement program. What that means is we will contract to communicate and work on your behalf with your creditors to negotiate settlements/discounts on your unsecured debts. Our Settlement teams are experts in negotiating the reduction of debt amount in many cases to only 40 - 60% of the original balance. We will assess your situation and set you up on a comfortable monthly budget payment to meet our mutual goals of reducing and settling your debt as quickly as possible. An in depth program review will be conducted in your free initial consultation.

Usually it would take 25-50 years to pay off debt by making minimum monthly payments. Debt Settlement shortens that process by negotiating the balance amount so you can comfortably pay it off within two to three years, on terms you can afford - sometimes sooner!

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How does your program compare to other options?

When trying to find a solution to resolve your debt, you have 4 options:

• Consumer Credit Counseling (CCCS) These companies will typically set you up on a payment plan that will take you anywhere from 4-7 years to pay everything off. They strictly work on getting your interest rates lowered and their monthly payments work out to be more than your monthly minimums the majority of the time. So, they don't provide the cash relief that most people in debt are looking for. These types of companies were originally created by credit card companies in thoughts of being a good way for them to "keep people in the game". most of them are actually owned by credit card companies to this day.
• Debt Consolidation Loan We've all heard the saying "robbing Peter to pay Paul." That's exactly what these loans are. IT IS IMPOSSIBLE TO BORROW YOUR WAY OUT OF DEBT. These loans will have you put up your assets as collateral. (most of the time it will be your home.) Effectively, you're turning your unsecured debt into secured debt. Should you miss any payments, regardless of the situation, your most valuable asset becomes at risk.
• File Bankruptcy This is the most detrimental thing you can do to your credit. The biggest misconception about bankruptcy is that you will not have to pay anything back. The new bankruptcy laws are making it even more difficult for consumers to file. Not only will this mark stay on your credit report for 7-10 years, but essentially it will follow you for the rest of your life. most applications now ask if you've ever filed bankruptcy in the past. Answering dishonestly is considered a federal offense. This should only be a last resort to solving your debt problems.
• Debt Settlement Not only will this option in many cases save you 40-60% off of what you currently owe, but it can be done in 36 months or less. We can set you up on a monthly payment schedule that will provide the debt relief most clients desperately need. When debts are settled, they are reported back to the credit bureau as having a zero balance. This will help you improve your debt to income ratio and get you back on the right track. By submitting a request to have one of our team members contact you, we can show how this option will not only get you out of debt in a timely manner, but also take all the stress off of your shoulders.
• Continue to Make Minimum Payments This is the "in debt for life" theory. If you can only afford to pay the required minimum monthly payments, you will, in all likelihood, remain indebted for the next 25 to 50 years depending on how much you owe.

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What is the difference between a secure debt and an unsecured debt?

A Secure debt is a debt by which collateral is used as a secondary choice of repayment if you fail to meet your monthly obligations. Secured loans are home loans, auto loans, and other recreational vehicles like motorbikes or RV's. An unsecured loan is a loan based on your willingness to pay back the loan with out having to sacrifice any type of collateral. Examples of unsecured loans are credit cards, signature loans, department store cards, and medical bills. An unsecured debt relies only upon your promise to repay.

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When should I consider bankruptcy?

Bankruptcy is very serious and will stay with you for the rest of your life. Nothing is as damaging as Bankruptcy and the negative impact on your credit can be overwhelming. Bankruptcy is for consumers who are in serious financial hardship and for those that generally cannot even save minimal amounts to settle their obligations.

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Why should I use Credit Results to settle my debts as opposed to handling it myself?

Our team has extensive experience in negotiating debt and working with creditors. We have an impeccable relationship with creditors and collection agencies, which are usually unwavering in negotiating with the consumer directly. Our team has extensive knowledge in consumer debt and the Fair Credit Reporting Act, as well as the Fair Debt Collection Practices Act.

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How does this affect my Credit Report Score?

Unlike credit counseling or bankruptcy, entering our program is NOT part of your credit report. Your employer, landlord or any other organization who may view your credit report will NOT see that you are in our debt relief program. However, like all debt relief programs your credit rating will be affected. How much your credit is affected depends upon your current credit score.

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Do I have to be behind on my debts to qualify for your debt negotiation program?

Not essentially. Credit Results debt negotiation program works with debtors in all stages of payments and collection although we find that once you are behind, creditors tend to be more willing to negotiate better deals.

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What will happen when we reach a negotiation?

Once a debt negotiation with one of your creditors has been reached and funds are confirmed we email, fax or mail over to you the terms and conditions of the negotiated debt agreement for your approval. It is exclusively your choice to decide whether on not to accept the negotiated debt agreement. If you consent to the negotiation, you send a cashier’s check or money order directly to the creditor from your dedicated checking or savings account set up for the program.

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What results can I expect?

The dedicated professionals at Credit Results are committed to saving you money, getting you out of debt and improving your quality of life. We will be working to get a significant reduction off the total balances of the unsecured debt that you enroll into this program. The bottom line is that you will be debt free in 36 months or less and on your way to the life you deserve! Success means eliminating your debt. Success is our priority! Our reputation depends on it!

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