First Name:
Last Name:
Home Phone:
Mobile Phone:
E-Mail Address:
State:
Best Time to Call:
Unsecured Debt:
Zip Code :
Monthly Payments:
How does debt settlement work?
In order to fully understand and appreciate the process that takes place between debt settlement companies and credit collection agencies, consider the following: Creditors know that roughly 30% of the 1.5 million bankruptcies that occurred last year were on debt that was reasonably current.

Traditionally, people survive by borrowing from one creditor to pay another. However, this process eventually fails when consumers run out of available credit lines and find themselves unable to make their minimum monthly payment. If a consumer files for bankruptcy, it is very likely that the creditor will receive nothing from the balance that is owed to them. Therefore, a creditor is better off negotiating with a debt settlement company.

As a debt settlement company we work with customers that have legitimate financial problems and honestly need assistance.
 

Besides the obvious benefit of debt settlement, another benefit is the help with creditor harassment.

It is important to remain cognizant of the fact that original creditors can still contact you legally. The most important part of debt settlement is to complete the settlement process with your creditors and or collection agencies. In order to do this, it is necessary for us as your settlement company to have you formally authorize us to negotiate with your creditors on your behalf. During the settlement process, you will make a monthly deposit into your own personal "settlement account" (in your name only) that will eventually be used for your debt repayment. As funds begin to accumulate into your account, we the debt settlement company, will start to negotiate with your creditors. Once a debt settlement offer has been agreed upon between you and the creditor, you will need to send that amount, directly from your account, to the creditor. In essence, debt settlement can help you get out of debt for the least amount of money in the shortest amount of time without filing for bankruptcy. Enrollment in a debt settlement program does not show up on your credit report, however, any time a creditor goes unpaid, there will be negative marks on your credit.

Our Settlement Program:
1. Enables you to save money for settlements with your creditors starting in MONTH ONE! Most companies charge a retainer and have you just sit in limbo for months before you save a dime. e-LIMIDEBT enables you to get started immediately so you can get out of debt sooner and on with your life.

Example: The 1st Three Months of Total Savings for Settlements for a 24 Month Program
on $25,000 in Debt

THEIR PLAN
OUR PLAN
MONTHLY AMOUNT
COMPANY FEE
CLIENT SAVINGS
$500 $500 $0
$500 $500 $0
$500 $500 $0
MONTHLY AMOUNT
COMPANY FEE
CLIENT SAVINGS
$500 $350 $150
$500 $350 $150
$500 $350 $150
TOTAL SAVINGS = $0
TOTAL SAVINGS = $450

2. We also pass the savings onto you! Our historical settlement performance has enabled us to project settlements with your creditors for approximately $.40 on the dollar. If we do better for you, you keep the difference. Unlike most companies that treat this as a performance bonus, we realize your financial hardship and don’t take advantage of you.

3. As a company, we strive to adhere to the highest standards and understand that our customers are the most important aspect of our business. Communication with our customers is a top priority for our company, therefore, we implemented one of the nation's only 10-Day Call Policies. E-LIMIDEBT will contact you every 10 business days to update you on your account status, negotiations activity, and to answer any questions or concerns you may have.

We do all the work for you from start to finish so you can feel at peace and confident throughout the program.


How does the Foreclosure Assistance Program work?
Our team of experts can help those facing foreclosures by either, helping them stay in their home or transfer the home without the traumatic effects of the forced foreclosure process. Our team can help get you the chance to get back on your feet.

Not only does E-LIMIDEBT offer methods by which you can fend off a foreclosure, but we have a Foreclosure Attorney Network available to represent and protect your best interests. Our Attorney Network can provide sound legal advice regarding your home, mortgage and the best way to go about keeping both.

How Does the Debt Management Program work?
The Debt Management Program (DMP) provides consumers who have encountered financial trouble with a method of repaying their debts in a manner that has little to no impact on their credit. It is a program that has been offered by creditors for over 35 years.

Under the DMP, a consumer will repay the entire balance of each of their unsecured debts with terms established by the creditors, typically at a lower Annual Percentage Rate. Many creditors also provide a re-aging process that will bring any accounts in past due status to a current status. Creditors may also waive any future over-limit or late fees that would normally occur. The DMP also allows consumers to make a single monthly payment to cover the payments to all of the consumers' creditors. This can help for budgeting and provide discipline that will assist in avoiding trouble in the future.

How does Credit Restoration work?

  • The Credit Restoration experts analyze the customer's credit report and creates a customized report pointing out and explaining the positive factors and the negative factors that affect the client’s credit score; as well as outlining the items that, in our judgment, could be disputed with the Credit Bureaus.
  • The Credit Restoration Expert proceeds to dispute the items that the client confirms as inaccurate on the credit report.


Find out why people choose e-LIMIDEBT as their path to debt freedom.