• They negotiate with the credit card companies or collectors for generally a single payment (can go up to 6 months) of which is for a percentage of what you owe.
• This can be anywhere between 80% to 20% of your original debt.
• They get their money in either a monthly payment plan or as a percentage of what they save you.
• Plans generally take 2 to 4 years depending on the amount of credit and the amount of money you can put into the program.

Debt Counseling

• They negotiate with the credit cards for a smaller payment plan.
• They provide educational services to teach you how to use your money.
• They get paid by an upfront fee and then they take a certain amount each month from what you put in.
• These plans can last 15 to 30 years.

If you would like to learn more and/or receive assistance with foreclosure, Mortgage Audit, loan modification, bankruptcy or debt settlement, please contact us at (781) 315-4566.