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Our program is designed to save our clients money. There is a basic monthly service fee of $7.00 per debt enrolled (depending on the creditor). For our typical client, however, this fee is insignificant when compared to the overall savings our program provides. These savings are achieved through the process of re-aging accounts, thus eliminating expensive late fees, and with reduced or waived interest charges. Additionally, clients need only draft one check each month, reducing the cost of checks, money orders, envelopes, stamps and other miscellaneous expenses. Since each client has a different mix of creditors and debt structure, the actual savings vary among clients. For our typical client, however, these savings greatly exceed our service fee. During the entire enrollment to liquidation process, our program can save clients thousands, and for heavy debtors, tens of thousands of dollars. Note 1: There is no cost for our Debt Counseling Services and we offer a FREE financial analysis. There are no fees unless an applicant qualified for our Debt Management Program elects to enroll. Note 2: Depending on a client’s income and/or other factors, our service fee may be reduced or completely waived. As a non-profit charitable organization the major costs of our services are voluntary funded and supported by participating creditors. Some creditors will donate a small percentage of each payment to us. Creditors contribute because we are assisting our client to better manage their financial affairs, thereby allowing clients to fulfill their payment obligations, thus saving the creditor expensive collection costs and legal expenses. Also, we are an IRS desiganted 501(c) (3) non-profit charitable organization. Any donation that a creditor grants to our organization is tax deductible. Bear in mind that while some creditors donate a percentage of each payment to the organization, the client is always credited the full amount of their payment. While we are always working in the best interest of our clients, our program is a win-win-win situation, where all parties, our organization, the creditor, and our client all benefit. |