How do I get started?
It's easy. Simply complete
our online application. A budget-planning counselor will review your
information and calculate a payment plan that fits your budget. You
should expect a call from a debt counselor within 2 to 4 hours of
submitting your application.
Do I have to qualify?
Debt Counseling, Debt Management and Debt
Repair
No. Regardless of your
credit history, whether you're overextended or have recently been
late with payments, you will qualify for our program. Your
acceptance is based only on your ability to make your monthly
payments.
Can I withdraw from the
program later?
Debt Counseling, Debt Management and Debt
Repair
Yes. Participation is
completely voluntary, and you can withdraw from our program at any
time. However, keep in mind that if you decide to handle your debts
on your own, all the program benefits offered by the creditors will
stop.
Can I keep using my
accounts?
Debt Counseling, Debt Management and Debt
Repair
No. Remember why you came
to us for help: your objective is to reduce and eliminate your
existing debts, not add to them. As long as you receive benefits
from your creditors (lower payments and lower interest rates), they
will discourage additional spending. Therefore, most creditors will
ask that you stop using your accounts while on our program.
Tip: Ask your
bank about debit cards. Debit cards offer the shopping convenience
of a credit card, but the funds are withdrawn from your checking
account.
Can I choose my due
date?
Debt Counseling, Debt Management and Debt
Repair
Yes. This is one of the
most convenient features of our program. Your creditors may not be
aware of your pay dates, or when your rent or mortgage payments are
due. We want you to be comfortable with your payment date, so you
can choose a date that doesn't conflict with your other obligations.
Will I get monthly
statements?
Debt Counseling, Debt Management and Debt
Repair
Yes. If you currently
receive monthly statements from your creditors, you will continue to
get them. This will give you the opportunity to monitor the progress
of your accounts while on the debt management program.
Can you stop creditor
harassment?
Debt Counseling, Debt Management and Debt
Repair
Yes. Once you're on our
payment plan, you can simply refer any calls from your creditors to
us. We pledge to end creditor harassment.
Can I add more accounts?
Debt Counseling, Debt Management and Debt
Repair
Yes. Simply contact our
customer service department and give them the account information
for the additional account's). Or send your information by e-mail,
and a representative will call to confirm the receipt of your
information.
What if I can send more
money some months?
Debt Counseling, Debt Management and Debt
Repair
We encourage you to send
additional funds whenever they are available. Even a small reduction
in principal now can save you hundreds in finance charges later. If
you have a preference as to which creditor's) should receive the
additional funds, simply accompany your payment with a letter
instructing us how to disburse the extra funds. Otherwise, we will
apply any additional funds where they will do the most good based on
account balance and interest rate. Any additional payments should be
made through our office to assure you continue to receive program
benefits.
American Debt Foundation
http://www.americandebtfoundation.com