Debt Articles

5 Signs You Have Too Much Credit Card Debt

Are any of the following statements true for you? If so, you may need some debt relief!

1. You don’t know your total debt amount. Maybe you’re in denial or it just snuck up on you. You should always know exactly how much you owe and whether or not your income can cover your expenses.
2. You have no savings. All your earnings are going to paying your expenses and your credit card monthly payments.

Debt Settlement, an Alternative to Bankruptcy

The Debt Pro has worked with a number of bankruptcy attorneys for years. There are times when bankruptcy is not the answer, and the bankruptcy attorneys refer their clients to us for debt settlement services. By negotiating a settlement of the client’s debt, we can provide debt relief without them having to go through bankruptcy.

Does Your Debt Settlement Company Treat You Like You’re Just a Number?

The debt settlement industry has changed dramatically in the last few years. In 2007 there were more than 2000 debt settlement companies; now there are fewer than 200. Before December of 2010, bad debt settlement companies took money up-front and then never settled their client’s debt. In December 2010, the FTC amended the Telemarketing Sales Rule to protect consumers from these debt-relief scams.

Why one debt settlement company over the other? Why ACI?

ACI is NOT like other debt settlement companies. The vast majority of other companies pay themselves before ever negotiating for you. They calculate what they think they will save you, determine their fee and then pay themselves first, before doing any of the work. Our fee structure is fair. Only after we negotiate a debt and finalize a settlement do we calculate and charge our fee. Other companies have programs that can last as long as 60 months. Our experience in the business has shown that going beyond 36 months can often be problematic. We are upfront and honest about debt settlement and the pros and cons that go along with it. We are here to advise you on the best course of action to reach your goal of becoming debt free.