Legal Consumer Credit Institute LLC

Debt Settlement

About Debt Settlement
LEGAL CONSUMER CREDIT INSTITUTE 1 has a highly effective debt negotiation (settlement) system; our system utilizes consumer rights so our clients can rid themselves of unsecured debt. Our program has helped thousands avoid having to file for bankruptcy. Our negotiators have developed relationships and have a track record of settling millions of dollars of debt with banks, creditors, and collection agencies.
Our negotiating staff can resolve the stress between you and your creditors. When negotiating on your behalf we make every effort to get you the best settlement possible while keeping it affordable and within your budget. Our primary goal is to get an expedient debt resolution, so you can focus on rebuilding your financial life. The creditors are satisfied by getting paid on the account because of the massive cost of time, money and human resources involved in collection efforts. The results are; we want to eliminate your debt burdens. Our program will let you avoid the hardships of bankruptcy. Together we can achieve a goal to have you debt-free!

Benefits
Debt negotiations is a legal and legitimate way of solving your debt problem without the need for bankruptcy. The whole process will require your patience and cooperation, but upon completion of the program, you will benefit from this way of resolving your debt and becoming financially stable again and gain control of your financial matters.
The Debt Settlement Program Has Benefits:
• REDUCES up to 70% of your unsecured debt
• STOP creditor harassment
• END the stress involved
• AVOID yourself from filing bankruptcy
• MAINTAIN privacy over your financial affairs
• REBUILD your financial situation
• MAINTAIN control over the process
• ELIMINATE your debt the quickest way possible

Ends Creditor Harassment
Once acceptance into the program, your creditors will be notified to stop calling and contact us instead. All correspondence from creditors regarding your debt thereafter will be directed to Legal Consumer Credit Institute 1. Our experienced staff will be in direct contact with your creditors working on your behalf.

Get out of debt faster

Get out of debt as fast as possible.
Debt settlement is not debt consolidation companies who just simply provide new loans for you; the LEGAL CONSUMER CREDIT INSTITUTE 1 debt settlement team will negotiate settlements with your creditors for pennies on the dollar. Debt settlement will allow you to pay back a fraction of what you owe as soon as possible without making another loan which most times will put you deeper in the hole.

Budget each month for your debt-for less.
Our program immediately makes a reduction on the amount of money that you will pay out of pocket each month. Our program allows you to free up money to help your cash flow. After a settlement you typically pay much less than what you were previously paying. Our goal is to allow you to keep more of your hard earned income for yourself and your family to achieve a debt free financial future!

Debt Settlement is Smart Solution Compared to Bankruptcy or Debt Consolidation.
Debt consolidation only helps your creditors. When you enroll in a debt consolidation program, your creditors are assured of receiving all of their money, and with extra interest. Having us handle you debt negotiation can avoid the long ten-year credit mark of bankruptcy on your credit report and avoid the high cost of debt consolidation.

Regain control of your finances with debt settlement.
LEGAL CONSUMER CREDIT INSTITUTE 1 provides’ debt settlements to eliminate the anxiety that is related with your debt situation. Our program assists your family and yourself regain control of your financial life. When you have completed our program you will be free of unsecured debt and ready to build a new financial future.

AT LEGAL CONSUMER CREDIT INSTITUTE 1 we are committed to providing the highest level of customer service. The success of our debt settlement program rests solely on the relationships we build with our clients. These relationships are built on trust, understanding, and mutual respect. We lead our clients through the web of overwhelming financial destruction onto the road of financial freedom.

COMPARE THE BENEFITS WE OFFER
Listed are five options to become debt free:
1. Paying creditors as originally agreed
2. Bankruptcy
3. Debt Consolidation Loans
4. Credit Counseling (CCC)
5. Debt Settlement

1. Paying creditors as originally agreed
On a $4,000 debt the minimum payments are approximately $150 a month. Only 8 to 10% of that payment is actually going towards the principal balance. The rest is going to interest and fees. At the end of the year approximately $1,500 has been thrown away. After looking at the balance, it is probably still close to $4,000. At this rate it will take 5 to 7 years to pay it off. With interest, the $4,000 debt ended up to total approximately $16,000.

2. Bankruptcy
Every year, over millions of Americans’ file bankruptcy. The pressure from collection agencies is what brings forth this enormous figure. When bankruptcy is filed, no one wins. The bill collectors will receive no money and your credit will be scarred for a whole decade! Your bankruptcy discharge can also appear in public court records up to TWO DECADES.

In addition, bankruptcy can affect you when trying to purchase a home or car, finding a job, obtaining insurance, or getting security clearance. In addition, depending on which bankruptcy you qualify for (Chapter 7 or Chapter 13), the courts may force you to make payments to your creditors which may require you to pay back a portion of the debt with interest. You should only consider bankruptcy as your LAST OPTION!

3. Debt Consolidation Loans
Statistics show that about 80% of people who apply for a debt consolidation loan find themselves digging themselves into a deeper debt. The philosophy is simple:
IT IS IMPOSSIBLE TO BORROW YOUR WAY OUT OF DEBT!!!
Debt consolidation loans do not reduce the amount you owe; instead, you end up paying back 100% of the loan plus interest. All you are doing is exchanging one debt for another at a lower interest rate. When applying for a debt consolidation loan, you will be asked to secure the loan against some form of asset (collateral); usually a house or car, but this transfers your unsecured debt to a "secured" loan, which put your possessions at risk! Numerous loans are consolidated into a home equity loan that is stretched out over a 30-year period! What would happen to your property if you had future financial difficulties? The majority of people who enter a debt consolidation loan program neglect to cancel their credit cards after they have been paid off, so it leaves them with a new source of spending power. Before they know it, people are over the limit and in debt once more! Statistically, 65% of people who use debt consolidation loans to pay off their debts will go over the limit on their cards again. In the end, not only do they have to pay back the consolidation loan, but the credit cards again as well. They unknowingly double their debts!

4. Consumer Credit Counseling
Although they claim "non-profit" status, Consumer Credit Counseling programs work much like a collection agency. Their credit counselors get paid an average commission of 11-15% of the amount they collect for the creditors. In addition, they can charge you a monthly program fee ranging from $15-$40. Today the word, "non-profit" is nothing more than a filing status for the multi-billion dollar credit counseling industry. In fact many of these "non-profit" counselors employ very high-paid executives. The benefits you can expect to receive through credit counseling are; prearranged figures with creditors to reduce your interest rate and minimum payments. The average minimum reduction is 8%. However, some creditors will not go below 20% and some refuse to participate in these programs. All of your credit cards will also be cancelled and you will need to pay 100% of the full debt amount, including interest, late fees, and over the limit fees! Unfortunately there's more. Your new monthly payment through credit counseling is generally higher than the original minimum payments on your accounts. Can you manage paying a HIGHER monthly payment when you are already struggling to make ends meet? These programs can take about 5 to 7 years to pay off your creditors. However, statistics show that 78 out of 100 people that enroll in these programs drop out before they complete them..

5. Debt Settlement
Finally, a more sensible approach that can affordably, safely, and quickly ELIMINATES your debt nightmare! LEGAL CONSUMER CREDIT INSTITUTE 1 can offer you the most logical solution: It's called Debt Settlement.