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How Debt Consolidation Can Help

The past several decades have seen an explosion in the levels of consumer debt. While many of our parents and grandparents
went their entire lives without incurring any debt beyond possibly their mortgage, their children and grandchildren seem to
be making up for lost time. These days it is not unusual for college or even high school students to have their own credit
cards, but unfortunately education on how to use credit wisely seems to be lacking.

- Customer Information -(secured Debt Consolidation form)

First Name		Last Name
Debt Amount		Zip Code
Home Phone	(	Work Phone	(
Best time to call		E-mail

American Debt Foundation

http://www.americandebtfoundation.com

Call Us Today For A Free Debt Consolidation Quote!

1(866)411-3328- 1(866)411-DEBT

Debt Consolidation Bill Consolidation

American Debt Foundation, Inc.
Debt settlement is a form of debt relief that can assist you in overcoming the burden of overwhelming debt in less time and for less money than other debt relief options.
On average, consumers who complete the American Debt Foundation's debt settlement program do so in 3 to 5 years and generally pay less than half of the balance owed.* That amount typically includes any interest charges, late fees, and the debt settlement company's fees.
American Debt Foundation's debt settlement program is an alternative to bankruptcy, which exists to assist consumers with significant debt due to personal or medical hardships.

Too often, consumers join consumer credit counseling services in an attempt to repay their debt, but soon find that it may have not been their best debt relief option. Some estimates show over 75% of people who turn to consumer credit counseling services either quit or are dropped from the program. As a result, many clients end up filing for bankruptcy. Debt settlement is an alternative solution for people who legitimately cannot afford to repay their debts and are looking for an honest way out of a debt-burdened life.

Debt settlement serves an important role in the debt relief industry because it is not like consumer credit counseling, debt consolidation and other debt relief options that coach you through repaying your entire debt, even if you cannot afford to do so. Instead, debt settlement involves negotiating with your creditors to settle your debt for a reduced amount. This is why debt settlement is a growing debt relief solution.

Many credit card companies have debt negotiation and settlement departments for the specific purpose of negotiating with debt settlement companies like American Debt Foundation. While they prefer that you repay the entire amount you owe, creditors understand that lending credit is a risk, and sometimes consumers experience legitimate financial hardships that prevent them from repaying the full debt.

It is important to us that you understand the debt settlement process or any other debt relief option you choose before committing to a program. The following pages explain how and why the debt settlement process works. Keep in mind that not all debt settlement companies are alike and others may not have the same process and steps described here.

What is debt settlement?

Debt settlement is when you repay your creditors less than you owe to satisfy your debt. People with overwhelming debt can enroll with a debt settlement company who will negotiate with their creditors to settle their debts for a fraction of what they owe.

In a debt settlement program, you deposit money into a savings account each month, instead of paying your creditors. Once enough money builds up, the company negotiates with your creditors to accept a lump sum payment. If the creditor accepts, this agreement settles the account. Your debt is considered paid and you can begin saving for the next settlement offer.
What settlement results do your clients typically see?

On average, we settle our clients' debts for about 30-50% of the entire amount owed.
How long will it take me to get out of debt?
Our program graduates are typically out of debt in 12 to 36 months.
Can American Debt Foundation help with harassing collection calls?

No company can completely stop debt collector calls. However, we ask your creditors to contact us directly about your accounts. We also offer specific advice for dealing with unwanted collector calls that come to your home.
Does American Debt Foundation offer any guarantees?

American Debt Foundation is one of the few companies in this industry to offer a 30 day money back guarantee.

How much is American Debt Foundation's debt settlement program going to cost me?
Our professional debt consultants will work with you to create a customized payment plan according to your financial situation. Our fees are a percentage of the total amount you owe.
Why would my creditors accept less than the full amount I owe?

Your creditors prefer to collect the full amount you owe; however, they know that if you file bankruptcy, they may receive no payment at all. Creditors are usually open to debt settlement once they recognize that you are facing significant financial hardships and are trying to avoid bankruptcy. Your creditors would rather accept a lump sum payment of 50% of your debt than risk getting nothing at all.
Can I be sued by my creditors while enrolled in your program?

We do everything in our power to negotiate a mutually agreeable settlement, but there is the possibility a creditor can take legal action to get you to pay. This usually happens when creditors think they can recover the full amount you owe through the courts. We are not a law firm and we recommend you speak with a licensed attorney in your state for more information.
How will debt settlement affect my credit?
Debt settlement can have a negative impact on your credit.

However, debt settlement can also get you out of debt faster than many other debt relief options so you can begin rebuilding your credit sooner. If you are already behind on payments, or you might be shortly, your credit is already impaired - you have too much debt compared to your income. This is known as a high debt-to-income ratio. To be considered credit-worthy again, you must drastically reduce or eliminate your debt, thereby reducing your debt-to-income ratio.

Remember, you can always rebuild your credit and it's much easier to rebuild your credit without the burden of overwhelming debt or a bankruptcy mark on your credit report.
Once I've enrolled in American Debt Foundation's debt settlement program, who maintains control of my finances?

You maintain control of your finances. Instead of paying us or your creditors, you deposit money into a third-party savings account every month. When enough money accrues and your creditors are ready to settle, the money from that account goes toward your settlement. Because you ultimately maintain control of your finances, your commitment is essential to the success of your program.

What if I need to cancel the program?
You can cancel the program and withdrawal the money in your set-aside account at any time. We do not have a long term commitment, so you are under no contractual obligation to stay if you decide the program is not right for you. You will not be charged any penalty fees, closing fees or any other hidden charges.
Does everyone qualify for American Debt Foundation's debt settlement program?
Not everyone qualifies for debt settlement. Debt settlement is an alternative to bankruptcy for people with overwhelming debt who have endured personal or financial hardships that prevent them from repaying their creditors.
What types of debt does American Debt Foundation settle?

There are generally two types of debt: unsecured and secured. Secured debt is backed by collateral such as a house or a car. American Debt Foundation cannot settle secured debts because creditors can simply repossess the assets if you fall behind in payments. Unsecured debt is not backed, or secured, by collateral and therefore it can be negotiated. Unsecured debts include credit card debt, medical bills, repossessions, etc.

Debt Consolidation United States:

Few high schools and colleges offer even a rudimentary course on how to budget money and use credit wisely, so it is no
wonder so many people get in over their heads when it comes to credit cards and other consumer loans. It is all too easy to
just sign your name for every purchase and forget about the inevitable bill.

The huge rise in levels of consumer debt has created a virtual cottage industry in Debt Consolidation services. These services
seek to help consumers dig themselves out of their credit card debt and stand on solid financial footing once again. The best
Debt Consolidation services do far more than help consumers reduce and eliminate their current debt. A good Debt Consolidation
service will help those consumers to learn about budgeting and financial planning. Only by learning good budgeting and
spending skills can a consumer be assured that he or she will not fall back into the credit card trap.

Debt Consolidation firms work with creditors on the behalf of consumers. They are often able to negotiate friendlier repayment
terms than the individual can work out on their own. For instance, a credit card company may be willing to lower your
interest rate substantially to make sure you are able to repay the balance you owe. In some cases, the bank may even be
willing to accept a lesser amount than what you owe. After all, it is in the bank’s best interest as well as your own to keep
you out of bankruptcy court.

Debt Consolidation companies have experience negotiating these kinds of deals. They often have contacts within the major banks
and credit card companies. They are able to use these contacts to get deals unobtainable by the consumer working on their own.

As important as it is, paying off current debt is only part of the problem, and it should be only part of the solution
offered by a legitimate Debt Consolidation company. It is just as important for a Debt Consolidation firm to offer credit
counseling services and budget courses to their clients. When shopping for a Debt Consolidation company, be sure to inquire
about these kinds of services. A Debt Consolidation company that offers extensive credit counseling and budgeting services can
help you to remain debt free.

Learning to budget your money is one of the most important financial skills there is. Unfortunately, this vital life skill is
all but ignored in the school system today, and even most colleges devote precious little time to this subject. No matter how
much or how little money you make, it is absolutely essential that every consumer learn how to live within their means and
budget their money properly. A good Debt Consolidation company will understand the importance of this skill to your long term
financial well being and will devote the time necessary to help every client prepare and stick to a good budget.

The bottom line is that Debt Consolidation can help when consumers get into trouble, but it is vital to choose a Debt Consolidation
firm that has your best interests at heart. The best Debt Consolidation firms work hard to not only eliminate current debt for
their clients, but also ensure that they do not incur further debt.

American Debt Foundation

http://www.americandebtfoundation.com

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Debt consolidation credit counseling giving free credit reports for credit repair and consumer credit counseling. Bill consolidation by utilizing low interest credit cards can repair credit and rebuild credit to avoid bankruptcy.