Why I don’t offer a Long-Term Debt Settlement Plan

Just so you know, I offer one service: it’s Simultaneous Debt Settlement. Believe it or not, my company is the only debt settlement company in the country to just offer debt settlement in this specialized way. If you can’t generate funds to settle your debts right away, my service won’t be a solution to your problem. This means that the information I provide on my website is without bias.

Sharing my reasoning for not offering a long-term debt settlement program is not to convince you to enroll into my service. After all, why would anyone choose to settle their debts over a period of years if they could settle their debts right away?

No. My purpose is to fully educate you about the behind-the-scenes aspects.

Things that you would never know to think about or consider, since you’ve probably never been in this situation before. Things that most debt settlement companies won’t tell you about.

There are times when a long-term debt settlement approach makes sense. However, the set of circumstances that are involved in making a long-term debt settlement plan a logical option are few and far between. (To be more specific, long-term debt settlement should only be considered by people who qualify for a Chapter 13 bankruptcy and lack the ability to settle their debts fairly quickly).

I hope you find the information on my website insightful. It is based on roughly 20 years of experience from both sides of the fence…

My experience in Debt Collections…

I quickly learned that people who are behind on their debts want to pay their bills. And that the reason they don’t is simply due to the fact that they can’t afford them.

That’s why I started my company, so I could help people who normally couldn’t afford to resolve their past-due debts, do so.

Prior to starting Debt Relief á la carte I was in the collection industry. I started in collections when I was 19 years old. I held positions of Debt Collector, Collection Floor Manager, Corporate Trainer, and Director of Collection Operations.

I’ve worked for large third-party collection agencies, collection attorneys, and large debt buyers.

I’ve collected on credit cards, medical, dental, utilities, signature loans, auto deficiencies, apartment leases, and health clubs. I have a full understanding of the intricacies of each of these debt classes.

When I was in the collection industry, I took the exact same approach that I take today with my clients. I was reasonable and logical, I treated people the way I wanted to be treated myself, I made it a point to be as approachable and friendly as possible, and I took the time to understand each situation so I could play the role of problem solver rather than debt collector.

My collection career highlights:

My experience in Debt Settlement…

I started Debt Relief á la carte in January of 2002.

Because of my time in the collection industry and my experience dealing with debt settlement companies from the collection side of the fence, I identified that long-term debt settlement plans were generally unsuccessful and put consumers into an adversarial situation with their creditors with no real solution in sight.

Common sense probably tells you that your creditors won’t sit idle for years without any payments being made. I’m here to tell you that your instincts are correct.

Since 2002, I’ve limited my debt settlement services just to consumers who could settle their debts right away, because it’s the only reliable way to offer debt settlement.

Due to my approach my company has achieved the highest success rate in the debt relief industry.

What a startling contrast between the successful completion of debt settlement when offered as a long-term approach compared to when it’s conducted right away.

According to the FTC (Federal Trade Commission), less than 10% (page two, paragraph 1) of consumers who enroll into a long-term debt settlement program settle all of their enrolled debts.

From 1/1/2012 – 5/31/2019, 93.19% of my clients have settled or entered into a payment arrangement on all of their enrolled accounts. View a breakdown of my success rates.

Please keep in mind, this difference has very little to do with me. The difference is because when you settle your debts right away, you don’t expose yourself to most of the risks and dangers that are associated with settling your debts over a long period of time.

Be assured: if long-term debt settlement were a reliable and sensible service to offer, I would offer it. My income would go through the roof since I could offer my service to a MUCH HIGHER percentage of consumers.

I stress this point to you because while I was in collections I saw so many people who had hired a long-term debt settlement company only to end up financially devastated. I don’t want to see that happen to you.