Risks and benefits:
We educate our clients on the risks and benefits of not paying their bills or certain types of bills as it relates to their best interest now and in the future. We do not advise consumers to stop paying their bills, however, we certainly understand that many people have either run out of money or are about to run out of money. We also understand that creditors are notorious for jacking up high interest rates, adding excessive fees, and are using every tactic to strip finances from the middle class. The consumer who does not pay their bills is at risk for higher interest, penalties, and possible judgments. With that said…
The consumer should understand that most delinquent debt is never paid nor collected. Furthermore, (you can Google it) OVER 80% OF ALL JUDGMENTS ARE NEVER COLLECTED! Think about this, almost all creditors and collectors are willing to take less money than what is owed to settle the debt!
Ask yourself this.
If a creditor settles bad debt with consumers:
-Some consumers settle their debt at 80%
-Some consumers settle their debt at 60%
-Some consumers settle their debt at 40%
-Some consumers settle their debt at 20%
WHY SHOULDN’T YOU GET THE BETTER DEAL/BETTER SAVINGS TO YOU FROM YOUR CREDITOR?
That is why we are here. For you.
Please also realize that you can legally present yourself to a creditor or collector as being uncollectable. Think to yourself about some person who may owe you a good chunk of money and you know that there is no way to collect? This legal tactic is a great way to leverage a fantastic settlement (especially if you don’t have the money but someone else is willing to pay your debt off at a much lower price for you)