Benefits
- Clients' debt will typically decrease an average
of 45 to sometimes 75 percent of the total balance. Results vary,
but typical results range from about 30% to 65% of the total debt
that is owed.
- You direct all communications from your creditors
or collection agencies to our company.
- Using a debt settlement program can enable you
to become debt free far sooner than simply paying minimum payments
on your own.
- It’s completely confidential. We do not
share your information with any third party not related to getting
you out of debt.
| LIBERTY
DEBT MANAGEMENT VS. CONSUMER CREDIT COUNSELING PROGRAMS
AND BANKRUPTCY In most credit counseling programs
the creditor agrees to take less interest but you still agree to pay back all
the money in a three to five year period. Even after
you pay this debt back, it will continue to show on
your credit report for up to ten years!
Bankruptcy is treated as a judgment and will be listed
in credit reports for a period of up to 10 years. Bankruptcy
is also a matter of PUBLIC RECORD… and can remain
there for several years following you as you apply
for employment and even insurance!
Liberty Debt Management is a debt settlement program
that can help you eliminate your debt without lengthy
debt consolidation programs and filing for bankruptcy.
This program may be your best choice for reducing debt.
Our program negotiates a partial payment to all creditors.
We work with your creditors to preserve the integrity
of your credit history. Your debt can be eliminated
much sooner than you thought possible with your debts
settling for a fraction of your outstanding balance. |
|
Program Benefits
Powerful & Practical
Liberty Debt Management™ has the solution for your
individual situation. We provide a support team that is committed to
providing you with the personal attention you deserve. Liberty Debt
Management™ has in-house counsel that advises your support
team on the current industry trends to ensure the best possible
results.
Settlement Works
Creditors are never pleased unless they get 100% of what is owed.
However, they also know that a percent of their account holders will
have setbacks that prevent them from paying the full amount due.
That is where we come in. Liberty Debt Management™ negotiates a
repayment amount that will satisfy the creditor at the best rate
possible given the circumstances. Some will agree to a 50% or less
settlement, other creditors want more. Based on our strong
relationship with the creditors, we establish a savings plan for you
on our AVERAGE of about 50%. Remember, this is an AVERAGE and the
law does not permit any Settlement Company to guarantee a rate.
Your debt and the stress that it causes can be eliminated when
you speak with an understanding counselor and put a plan in place to
eliminate your unsecured debts. Submit a request for a price quote
now!!
Interesting Facts
- Did you know? Typically, 85% of your monthly minimum payment
goes toward interest only and not towards reducing the principal
debt amount.
- Consumer Credit Counseling Service programs are funded
directly by the creditors through "donations". It has been
concluded by the Internal Revenue Service in May 2004 that some
CCCS's essentially function as nothing more than a collection
agent for these companies.
- A bankruptcy will stay on your credit report for up to 10
years.
- In our program, your debt will be grouped with that of other
clients to get you the best possible savings.
- We work with almost every credit card company and
collections agency you may have as a creditor.
| Debt Amount |
How Much Will
You Pay? |
How Long Will It
Take? |
| $10,000 |
$26,276.59 |
42 yrs 9 mos |
| $15,000 |
$55,370.41 |
48 yrs 11 mos |
| $20,000 |
$74,464.22 |
53 yrs 3 mos |
| $25,000 |
$93,557.98 |
56 yrs 7 mos |
| $30,000 |
$112,651.77 |
59 yrs 4 mos |
| $35,000 |
$131,745.58 |
61 yrs 8 mos |
| $40,000 |
$150,839.39 |
63 yrs 9 mos |
| $45,000 |
$169,933.22 |
65 yrs 6 mos |
| $50,000 |
$189,027.02 |
67 yrs 1 mos |
| $60,000 |
$227,214.61 |
69 yrs 10 mos |
| $80,000 |
$303,589.81 |
74 yrs 2 mos |
| $100,000 |
$379,965.06 |
77 yrs 7 mos |
| $120,000 |
$456,340.27 |
80 yrs4 mos |
| $140,000 |
$532,712.48 |
82 yrs 8 mos |
| $150,000 |
$570,903.04 |
83 yrs 8 mos |
|
Number of years to payoff a credit card balance based on
19% interest and the cardholder making only the minimum monthly
payment of 2.1% of the outstanding balance. Most national
cards require a minimum monthly payment between 2.0% and 2.4% of the
outstanding balance.
Source: CNN Money |
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