You have a few options when faced with debt.
1) Debt Consolidation Loans.
This is when you take a loan that is meant to give you all the cash you need to pay off your debts. From this loan you usually will have just one payment per month to make. A problem with this idea is that unless you have a good credit rating, (then you would have no reason to be in debt) or you have a property such as a home, you will qualify for this type of loan. BUT! If you have neither, the good credit (that is why your here) and you do not own property or any other valuable means of collateral, then for sure you do not qualify. So the chances of getting a Debt Consolidation Loan are very slim as well as very unrealistic.
2) Filing Bankruptcy.
This was originally designed to be a good thing. It was a chance for a new beginning. A new starts if you will. Unfortunately it has turned out to be that scarlet letter on your credit report and your credit worthiness, no matter what the circumstances for filing. Bankruptcy is a legal admission that you failed to pay your bills and need to be forgiven for them. There are of course a couple of bankruptcy versions, but no matter which one you choose there is still that dark cloud. Please don't miss understand us, bankruptcy can/should be considered in each case but ONLY AS A LAST RESORT! Besides with the new bankruptcy laws which are designed to make it more difficult to file, other avenues should be considered. Since you may be forced to pay the debt back anyway, and it will reflect on your credit report for the next ten year, it may be wise to work out a payoff plan first out of bankruptcy court!
3) Credit Counseling.
Good idea, but be certain that you are dealing with one that is not supported by the banks and credit card companies and others creditors. Just because they claim to be NON-Profit does not mean they do not take in income. They don’t operate out of the goodness of their hearts either. There are some real good ones who will help you reduce your interest rates. But remember you are still responsible for the entire balance due, plus any interest that accrues. The problem with this option is it may take a few years to pay this debt off. And still pay out a good amount of interest along with it.
Concise does not offer Debt Consolidation Loans.
Concise Offers Debt Negotiations & Debt Repayment Plans. This is a realistic way to pay off your debts, using the same money you use now to pay your bills while saving for the future and your credit worthiness is rescued at the same time. While using this plan your credit report should not suffer because your making payments and you debt/credit ratio is improving.
Here Is The Plan...
We offer a free of charge consultation in which we will review and assess your financial situation. We will determine if you qualify for Debt Negotiations to solve your financial matters.
We will not let you fill out an application on line because we prefer to speak directly with the client. It is not good business practice to determine if one qualifies for such an important financial undertaking with just a few short questions. We feel the best way to determine your needs is simply by a ONE-on-ONE dialogue.
After we determine that we can put Debt Negotiations to work for you, we begin building your case. We will prepare letters and signed power of attorney forms to be sent to your creditors informing them that we have been retained to represent you in your financial matters. We will also direct you to inform any creditors that continue to call, that you wish them to stop. We will prepare letters in your name informing them of your wishes as per your rights under the Fair Debt Collection Practices Act as well as any state regulatory laws that cover your case.
Remember our goal with you is to settle and pay off the debt. While many companies promise that you will have your monthly payments reduced by 50%, we will not make that claim. If they negotiate a lower monthly payment while the original balance remains the same, nothing was accomplished other than making the payments last a longer time period.
Look, the reality is that a creditor doesn't have to reduce anything, no matter how much you negotiate. So while were working with the creditors, we will prepare a payoff plan that works with your present financial state. Usually in this plan we introduce a savings plan that is treated like another creditor. Each month we add to this fund and when it reaches a certain amount that is enough to pay off a bill, we use it. Thus bringing your debt to a lower amount and paying your creditors faster. And when you have paid off your debts the savings plan that has grown while you were in debt is now free to explode with additional savings.
We will always inform you of whatever settlement proposals are made for your approval. Even while the process is going on, you are always fully informed and part of the process. With the Savings plan in place, and a debt payment plan in process, you are on your way to freedom of debt.
Each case is different from the next. There can be no set plan for everyone. Debt Vs. Income can have wide ranges. For some a debt of $5000 is too much. Yet for others a debt of $50,000 may be normal. We treat each case individually. Based on what information the client provides us, from there we formulate a plan. We use standard accounting and budgeting plans. These are realistic plans that have realistic out comes and are reviewed each month for fine-tuning. There are NO SPECIAL DESIGNER FORMULARS being used here that are "award winning". We just use real accounting and negotiating measures that are applied per client per case. Each client receives a plan designed especially for them and their circumstances.
How do we get paid?
Some debt consolidation companies get part of their income from the creditors that they are negotiating with on your behalf! And while collecting those fees they also charge the client a monthly fee to make the monthly payments to the creditors. The question remains. Who works for whom?
Concise Consultants Ltd. is a for profit company. We do not hide behind a Non-Profit statue. Consumers today are intelligent enough to understand that we are in business to make money. We charge our clients a one time set up fee $150.00 plus a flat monthly service fee This fee is spread out through out the payoff term period of the plan. The client is informed in advance of the fees, length of time and the design and execution of the pay off plan. If all agree to the terms in the contract the client and Concise then sign it.
CONCISE DOES NOT ACCEPT REFERAL FEES FROM CREDITORS.
OUR POLICY IS QUITE SIMPLE. WE REPRESENT & WORK
FOR THE CLIENT ONLY!
A signed contract is required to perform this service.
The Contract will contain the: 1) Services that are being contracted, 2) Date of completion 3) All fees 4) Requirements.
One Time Set Up fee is required at contract signing. Monthly fees are placed into the lifetime of the payoff plan in equal payments with debt payments.
A Signed Authorization Form and Credit Card information are required on file for all billing charges that will be collected at end of process. (unless other arraingements are made.) Any and All out of pocket expenses paid by Concise on behalf of client are billed to the client and is due in addition to any fees.
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