That depends on many factors. Once your first draft cleared, we assign negotiators to your account, and they will assess your portfolio to determine a plan of action to tackle your outstanding balances. Our goal is to get you out of this debt ASAP and on your way to financial freedom. We will keep you […]
We have options for you if you are no longer able to afford the monthly payment we budgeted for you. You have the ability to skip one monthly deposit per 12 months, or we can revisit your hardship and budget to see if anything has changed and we can make recommendations based on new findings. […]
The performance fee is based on the total amount of debt enrolled in the program, and is already included in your current monthly payment. Now remember, we don’t collect any fees until we settle an account for you, so all of your deposits are building up so we can start settling accounts as quickly as […]
Are you listed on any other the client’s enrolled accounts? If you are a co-signer or joint account holder, we would still like to continue to resolve the outstanding balance(s) and negotiate a settlement offer for you.
We were able to negotiate a great settlement for this account, but you did not have enough money in your account to satisfy the settlement in a lump sum, therefore, we are making monthly payment arrangements to them to satisfy the settlement amount. This could also benefit you in the way that we can begin […]
The time needed to produce a settlement of a given debt depends on several factors. These include your financial hardship, the age and balance of the accounts you owe, the funds you have available to pay to your creditors and ultimately the willingness of your creditors to enter negotiations. Please be advised that we are […]
We worked with you to establish an estimated program length based on the best information available to us at the time. There are many factors that impact whether a client’s program is shorter or longer than we project at enrollment, such as the creditors willingness to settle your current escrow balance, and your drafting history. […]
Our fee is typically roughly 25% of the debt that you enrolled at the time you enrolled. Remember: no fees are collected up front. We don’t collect anything until we render service and until the payment is made to the creditor, then DebtBlue will collect its fee but only for that resolved account. In addition […]
Our typical program length is about 32 months, and our typical client will graduate about a month or two early from their program. Actual dates depend on whether you have had any changes to your program or if anything has changed with your participation in depositing funds in your special purpose savings account. So the […]
This is one of the most negative effects of a debt resolution program: creditor calls. Anytime you owe somebody money, they have the right to call you. However, there are many laws and statutes regarding how creditors can collect and when they can make those phone calls. This includes what time, what they can ask […]
