Our policy:

 

We will deal with the borrowers’ unsecured debt first. If they make six months of payments without missing a payment, then we will consolidate their secured debt, such as car loans.

Why do we prefer to deal with unsecured debt first?

If the debt is secured, there is always one more step: removing the original creditor lien from the asset and replacing it with our new lien. We want to make sure the borrower is easy to work with and is well informed with the conveyance process, where the true opportunities present themselves.

 

 

Stages of debt we deal with:

Some which offer better opportunities than others

 

1. When the debt is still in the bank’s hands and is an unsecured debt:

In the situation of unsecured debt, the conveyance process works very well. Once the borrower understands that we can get them a discount, they are very willing to work with us. These clients expect larger discounts, but in general are safer investments.

With unsecured debt, there is no chance of the client losing an asset.

 

2. When the debt is still in the bank’s hands and is a secured debt, such as a car loan.

If the debt is secured, then there is always one more step: removing the original creditor lien from the asset and replacing it with our new lien. In these situations, it is important that we are working with a borrower that understands the conveyance process. If a client decides, in the middle of the process, that they do not want to continue, after signing contracts, they risk losing the asset.

This is why we will consolidate unsecured debt first with all clients. Refer to the above policy.

 

3. When the debt is still is in the bank’s hands, but obviously leading to collections.

These are always the most lucrative deals, due to the fact that the borrower has nothing to lose. They have come to the conclusion that their credit will be wrecked soon if they do not arrange debt consolidation. A smaller discount is usually expected by these borrowers.

 

4. When the debt is in a collector’s hands, and the client is getting harassing phone calls.

This is usually the most lucrative deal, due to how the borrower will settle for a smaller discount, due to the fact that they just want the harassing phone calls to stop. The smaller the discount, the more profitable the deal for us.

It seems that the clients that have experienced collectors harassing them are very reliable when making payments. The harassment, by collectors, for the full lump sum allows clients to truly appreciate their new situation with us: Affordable monthly payments with no harassing phone calls.

 

When dealing with our clients, if the client has good credit, there are certain things they must do:

1. Place a statement of claim commencing an official audit.
2. Serve the credit bureau the statement of claim proving the debt is in dispute.

 

The client can decide for themselves if the discount we are offering them is worth the above.

If the client has bad credit as it is, and is truly just trying to stop the collectors harassing phone calls, our program is perfect for them. Why? Collectors are always demanding lump sum payment. We will set up the client on a payment schedule while buying the debt at a huge discount.

 

Next Page

 

Click here to read the next page: Getting Started.