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Approximately 87% of the applicants that apply for our debt management plan are accepted into our program. The other 13% are not. The reasons for this vary, however the biggest drawback in being accepted into our program is your debt to income ratio. What that simply means is; What is total dollar amount you have coming into you household each month, minus what your monthly fixed income costs are each month?
Let's take a brief look. Let's say you have a household income of $3,000/month.
- You have a mortgage or rent of $1,300/month
- You have 2 car payments of $300/each
- Your utility bill is about $250/month
- Your auto/truck insurance payment is $175/month
- Your groceries is $600 month
- Your cell phone is about $100/month
- Your gasoline to get back and forth to work runs you $75/week.
- Your health insurance each month is $140
- Your Internet/cable or satellite is $150/month
- Clothing and misc household items are $200/month
- Your emergency fund and/or household repairs comes to $100/month
Here is why we are the Preferred Debt Relief and Debt Reduction service in America
- You can become free of credit card debt once and for all.
- You can receive immediate debt relief and no more creditor phone calls.
- We negotiate and settle your debt on your behalf.
- 15 years of helping hundreds and hundreds of clients across America.
Please call us toll free at 800-890-6658 for a Free Debt Relief-Debt Reduction Consultation.
Or use our Debt Relief Getting Started form.
Would you qualify? We, to begin with, we have not even looked at your debt yet. All we have done is looked at your debt to income ratio. In this example, your income is $3,000/month. Your fixed costs each month come out to be $3,665 per month. In this example, you would not qualify for our program, as you are $665 short each month, and this is BEFORE we even start taking about the credit card debt you hold.
Therefore, your application is probably the most important part of the equation in deciding whether or not you would qualify for our program. On the other hand, if you had an income each month of $4,500/month you would have no problem qualifying for this program. Again, approximately 87% of all applicants do qualify, based upon your completed application. Therefore, if you would like to find out where you stand, ask us for a free no obligation quote today. You too could be saving hundreds if not thousands of dollars in having us negotiate and settle your debt. Finally, many people with a perfect credit history are often under tremendous financial strain, yet might not even qualify for our program. Call us today to see if you are eligible for our debt relief program.
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