Enrolling you in our debt settlement service. One of our debt settlement experts will ask questions about your unsecured debts, other monthly expenses and your income and fill out a form in order to determine if a debt settlement program is right for your particular situation. This information is submitted to our underwriting software to determine what your monthly payment will be (considerably less than your normal minimums), and get a firm estimate in terms of how long the program will last. If you like what you hear, then we'll send you an agreement to sign and get back to us. You will also need to send us your most recent statements from your credit card companies and other unsecured bills that you want to include in the program. Once we receive these document signed and completed, we will begin contacting your creditors to notify them of your enrollment in our program and all further communications should be redirected to our office. This should stop the harassing phone calls from your creditors. Apart from a few exceptions, all disputed accounts are closed and you are encouraged to avoid using credit while on the program.

Creditor Communications: Once you are a client you will receive a phone number to provide to your creditors/collectors. All written correspondance can be re-directed to us as well.

Negotiating debt settlements with your creditors. Once you have enough money saved, (which could be 6 months to a few years based upon your budget) your current level of unsecured debt will be negotiated for you by a team of negotiators. Essentially you will end up reducing your total debt up to 50%, though results may vary from 40 to 60 percent range. Our estimate is based almost entirely on who the credit card company is. Each creditor has a different internal policy regarding debt settlement, so each one typically accepts settlements within a certain range during a specific period in the collections process. Reaching a settlement usually takes several phone calls and communications. Debt settlement is a lot about timing and planning, and it comes down to having the right amount of money at the right time in order to obtain the ideal settlement. Like any program, you must stay with and complete the program in order to fully receive all benefits.

Special Purpose Account: Save one low monthly payment in your own personal "Special Purpose Account." DebtPointer helps you open an account at an FDIC-insured bank, until such time as you have enough in your Special Purpose Account to negotiate a debt settlement with your creditors. You always have the option of saving this money yourself.

Eliminating your debt forever. As soon as a settlement has been reached and agreed by you, we will secure the settlement offer in writing from the creditor. You then pay the creditor with the funds you have saved and once the creditor receives the payment in full, you are free and clear of that debt forever. Your creditor will report to the credit bureaus that there is now a zero balance and that your account is paid. You will also receive a letter from your creditor stating that no further money is owed. We will continue to negotiate all of your debts until you have eliminated all of your debt in the program. Then, with all the stress and worries behind you, you can start to reestablish and rebuild your credit worthiness!

We work on behalf of our clients, not the creditors. In order to fully understand and appreciate the process that takes place between debt settlement companies and credit collection agencies, consider the following: Creditors know that roughly 30% of the 1.5 million bankruptcies that occurred last year were on debt that was reasonably current. Traditionally, people survive by borrowing from one creditor to pay another. However, this process eventually fails when consumers run out of available credit lines and find themselves unable to make their minimum monthly payments. If a consumer files for bankruptcy, it is very likely that the creditor will receive nothing of the balance that is owed to them. Therefore, a creditor is better off negotiating with a debt settlement company. Our team of negotiators has settled hundreds of thousands of dollars of unsecured debt for people just like you. With years of experience in the consumer credit industry, our company will help you navigate through these difficult times so you become financially free!

DISCLAIMER - This document is intended to provide a brief overview of this program. This document is not intended and should not be construed as constituting any type of expressed and or implied warranty or contractual representation.