Best Financial Advisors in Hamburg, NY

The ideal candidate for debt resolution is someone experiencing financial hardship that makes it difficult to make payments on their credit card debts. He or she is making minimum or low payments on their cards and sees little improvement in terms of reducing the total amount owed. The ideal candidate is looking to reduce their monthly payments and pay off their debts within a timeframe of 2 to 4 years as opposed to the 20 to 40 years that it could take by continuing to make minimum monthly payments.

Once you have accumulated sufficient funds in your program savings account, we will begin negotiating settlements with your creditors. This amount will typically range from 40% to 50% of the enrolled debt. Depending on the amount owed on each of your cards, the time frame during which this will occur will vary. Our typical client usually sees their first settlement somewhere between their fifth and seventh month in the program.

We strongly recommend against using your cards while in the program, not only because adding further debt is counterproductive, but also because creditors tend to negotiate debts only once cards have gone delinquent. We do suggest, however, that you set aside one card (not in the program) with an available credit line to be used for any emergency situations that might arise.

A third-party processor oversees your program account and disburses funds to creditors enrolled in the programs. This account is maintained in your name only. It is FDIC-insured and is accessible only with your authorization. You can view your program drafts, payments, and account balances and monthly statements online on our portal 24/7.