If you plan to overcome your money problems and want financial help in order to be debt free, we've compiled a list of Frequently Asked Questions heard often from consumers wanting credit card help in order to reduce bills and save money. This list is not exhaustive, but may get you started in the right direction. If you have additional questions, you can call our toll free number at:
1-877-612-3973
You can also contact us via AOL Instant Messenger with the contact ID "stopmydebt".
Additionally, send your questions to us by using this form.
- Do you provide debt consolidation?
- We are not a "debt consolidation" company - though the results may sometimes appear that way. US Debt Network actually eliminates some of your debt by renegotiation your debt balance with your credit card and other consumer debt creditors.
- How can I eliminate all of my debt?
- The only ways to become debt free are by satisfying the creditor claims of amounts owed or by declaring bankruptcy. To solve your money problems, US Debt Network focuses on satisfying creditor claims by negotiating your debt load to save you money and arrive at a debt free status in approximately 36 months.
- Will my credit be affected by debt negotiation?
- If you complete our Debt Elimination Program, your credit report will reflect the fact that you paid off your credit cards and other consumer debt in a timely fashion and under terms that were satisfactory to the creditor.
- Will I be able to obtain credit after completing your Debt Elimination Program?
- If you complete our Debt Elimination Program according to the agreed upon schedule and your credit scores reflect an acceptable level of risk for potential creditors - you may even be able to obtain credit during the debt elimination period. A word of caution, here. You agreed to work with us in order to become debt free and to resolve your money problems. Often, the underlying motivator for our clients is to qualify for buying a new home or improving their mortgage obligations with some of the new, lower mortgage interest rates. Debt load in higher levels may compromise your ability to achieve homeowner status. Our advice is - "eliminate your money problems and obtain debt relief with the financial help we provide through debt negotiation". Once you've achieved that status in just 36 short months, why compromise it by increasing your credit card debt again?
- How much can I expect to save?
- That depends upon how much you owe, the current state of your relationship with your creditors and what sort of debt restructuring your family budget will support. As a rule of thumb, we are typically able to save our clients between 30% to 60% of their outstanding debt.
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