Below are questions that I received in an email from a person who is interested in our Debt Settlement and Debt Negotiation services. I thought I would post them here as they are good fundamental questions.
QUESTION: Are you an independent credit counselor or do you work under a company as a sub office?
ANSWER: Our U.S. office is a Debt Settlement Attorney's Office, The Roll Law Office.
In Canada debt settlement is done by Express credit repair which is a independent debt settlement office.
QUESTION: What are the fees to start on this program?
ANSWER: We have a set up fee that is based on the amount of debt outstanding, which covers the initial work and paper work setup.
QUESTION: Is there a penalty if you pay off a creditor early or if you pay off the whole debt amount early?
ANSWER: No? the way we work is that you settle the debt amount with the creditor at a discounted rate. There are no penalty fees. You may be thinking of a different type of debt counseling.
QUESTION: How quickly does all of this go through once the paperwork is signed?
ANSWER: We will start working right away once we have the paperwork in place. Debts usually take between 18-36 months to complete depending on your cash flow.
QUESTION: Does this stop any action taken by a creditor if he signs up after the action has been started? I have a creditor that has threatened to send documents to a lawyer.
ANSWER: You can be sued by the creditors with our plan or with any plan. However, the creditors are likely to back off if they know there is a third party debt settlement company in place.
NOTE: A creditor company can sue you no matter which plan you work under. After you?ve signed an agreement with them, you?ve agreed to pay them on a certain schedule. To not abide by that schedule leaves you open for law suits, even if you?re simply past due 60 days on payments. (Or what ever you agreed to)
QUESTIONHow do I know if I debt settlement is the way to go?
ANSWER: Debt settlement is a bankruptcy alternative. This option gives you more control, and more dignity than declaring bankruptcy. Debt Settlement is for those who would like to pay their bills but can only afford a portion of them. You're not asking for all of the debts to be completely wiped out.
If you have any other questions regarding debt settlement or debt negotiation please let me know
QUESTION: Are you an independent credit counselor or do you work under a company as a sub office?
ANSWER: Our U.S. office is a Debt Settlement Attorney's Office, The Roll Law Office.
In Canada debt settlement is done by Express credit repair which is a independent debt settlement office.
QUESTION: What are the fees to start on this program?
ANSWER: We have a set up fee that is based on the amount of debt outstanding, which covers the initial work and paper work setup.
QUESTION: Is there a penalty if you pay off a creditor early or if you pay off the whole debt amount early?
ANSWER: No? the way we work is that you settle the debt amount with the creditor at a discounted rate. There are no penalty fees. You may be thinking of a different type of debt counseling.
QUESTION: How quickly does all of this go through once the paperwork is signed?
ANSWER: We will start working right away once we have the paperwork in place. Debts usually take between 18-36 months to complete depending on your cash flow.
QUESTION: Does this stop any action taken by a creditor if he signs up after the action has been started? I have a creditor that has threatened to send documents to a lawyer.
ANSWER: You can be sued by the creditors with our plan or with any plan. However, the creditors are likely to back off if they know there is a third party debt settlement company in place.
NOTE: A creditor company can sue you no matter which plan you work under. After you?ve signed an agreement with them, you?ve agreed to pay them on a certain schedule. To not abide by that schedule leaves you open for law suits, even if you?re simply past due 60 days on payments. (Or what ever you agreed to)
QUESTIONHow do I know if I debt settlement is the way to go?
ANSWER: Debt settlement is a bankruptcy alternative. This option gives you more control, and more dignity than declaring bankruptcy. Debt Settlement is for those who would like to pay their bills but can only afford a portion of them. You're not asking for all of the debts to be completely wiped out.
If you have any other questions regarding debt settlement or debt negotiation please let me know
