Debt Reduction

Although we can negotiate all types of debt, the most common is credit card debt. In fact the average American Family today has 5-10 credit cards, with a total balance of $18,450.

Making a little more than minimum monthly payments or 4% of the balance on $18,450 would take you 208 months or 17.3 years to pay off with a 18.9% APR. Total interest paid would be $11,890.87. Your total amount paid would be $30,340.87, and that is if you never used the cards again.

The Nationwide Reduction Plan, is a hands-on solution that will help you:

Cut your principal by 50% or more..
Cut your current monthly payment by as much as half.
Cut the time frame from about 17 years to an average of 3 years or less.
Protect your rights under the Fair Debt Collection Practices Act.
Stop creditor harassment

Many of your creditors are counting on the fact that you don't know the collection laws.

They may use this against you with tactics of
intimidation and harassment, and it can make your life miserable.

Don't let that happen to you! Many of their tactics are illegal, and we know how to help.

Our plan is based on your ability to comfortably make your payments each month. As your money builds in an account, we will approach your creditors and settle your debts for pennies on the dollar.

Getting Started: If you are interested in a free, confidential, no obligation debt consultation, simply go to the "getting started tab" and tell us more about you. You will be contacted within 48 hours of your submission. If you need immediate assistance, you can reach us directly at 800-347-9150

The Debt Consolidation Alternative
You can still opt for one of the consumer credit counseling/non-profit organizations. This is a fairly well advertised option and there are more than 2,000 such companies. With this option, you will repay the full principal and a get a break on the interest rate. The only benefit to this option is a reduction in interest costs. Whereas you would pay a total of 3 times the principal by making minimum payments on your own, you will pay the principal plus just a few thousand more in interest, saving you time and money. And though there's a monthly contribution calculated (usually around $35), your monthly payments may be lower.

Most importantly, you should be aware that the credit card companies are the Number One contributors to these non-profit organizations (and actually helped set them up about 12 years ago when they saw credit card default on the rise). When working with a non-profit organization, please be aware you are working hand-in-hand with the creditor.

There are disadvantages to this option. One of the main aspects to know with this option is the impact it has on your credit. Most organizations automatically state on your credit report you are participating in their debt management program. It will show up immediately and stay there for 7 years after you pay off the debt. Many potential creditors view your participation in these programs in the same light as they view a Chapter 13 bankruptcy.

To find out just how much your credit is costing you, click here: www.cardweb.com. On the left hand column, you will find a card calculator. Click this on and it will show you how long it will take to pay off your debt, with interest, using minimum monthly payments of 3%.

If my wife and I had not gone through this program with NDR, I am certain we would have had to file for bankruptcy and ruined our lives for the next ten years. Jim and Nancy Sidoni, Glendale, CA.

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Debt Reduction Services| Credit Card Debt Reduction Plan| Debt Reduction Program Management and Counseling