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The following information is a list of the
most common questions that consumers like you ask when filling out
an online debt reduction analysis or speaking with one of our Debt
Relief Specialist about there financial situation. Please click
on the question below to view the answer and become more educated
on our program. (Please shuffle the questions).
Q 1.
Why do creditors agree to reduce my debt?
Q 2.Will
I still pay my creditors directly while in the debt reduction program?
Q.3.
Why should I use Debtzero instead of a non-profit company?
Q.4.
If I miss my monthly payment to Debtzero, will I be dropped from
your program?
Q 5.How
long will it take me to complete the program and be debt free?
Q 6..
How do I find out the progress of my debt reduction program?
Q 7.
Is Debt Reduction similar to Bankruptcy?
Q 8.
Do I have to give up all my credit cards?
Q 9.Can
I still participate in the program if I have a flexible monthly
income?
Q
10. Does Debtzero keep my financial information private and confidential?
Q 1. Why
do creditors agree to reduce my debt?
A. Your creditors are willing to work with us because of the tremendous
amount of debt that exists today. We’ve established an excellent
relationship with thousands of creditors. Creditors prefer you to
seek out the help of a debt reduction company as apposed to filing
bankruptcy like millions of Americans do.
(Back to questions)
Q 2. Will
I still pay my creditors directly while in the debt reduction program?
A. No. Upon enrollment, you will stop paying your creditors immediately.
Your monthly payment will be deposited into your own program bank
account and your creditors will be kept informed of your status
until the account is settled.
(Back to questions)
Q 3. Why
should I use Debtzero Services instead of a non-profit company?
A. Non-profit company’s are paid by the creditors and impose
budget requirements on you. They work for the creditors to keep
you paying on the overwhelming balance you currently have, with
interest, but may be able to lower your interest by a few points.
(Back to questions)
Q 4. If
I miss my monthly payment to Debtzero, will I be dropped from your
program?
A. No. Simply call our client services department and we will structure
a plan to get you caught up.
(Back to questions)
Q 5. How
long will it take me to complete the program and be debt free?
A. You will determine the length of your unique debt reduction program.
It all depends on what monthly payment amount will be comfortable
for you and how soon you are looking to get out of debt. One of
the advantages of the debt reduction program here at Debtzero is
that there are no pre-payment penalties, if you want to pay more
then your regularly schedule payment amount…you can…and
you will simply be done with the program sooner and be out of debt
sooner.
(Back to questions)
Q 6. How
do I find out the progress of my debt reduction program?
A. You can call us at 1- 866-581-4054, Monday thru Friday from 10:30am
to 7pm EST to speak with a client services representative. We are
here to answer any questions or concerns you may have.
(Back to questions)
Q 7. Is
Debt Reduction similar to Bankruptcy?
A. Absolutely Not!!! Debt settlement is for people who want to pay
back their creditors but because of a financial hardship, need the
help of a program and their creditors to agree on a reduction in
what they owe. Bankruptcy is designed to absolve you of all your
financial obligations and results in long-term negative effects
on your credit.
(Back to questions)
Q 8. Do I
have to give up all my credit cards?
A. No. Unlike many Consumer Credit Counseling programs (Non-Profit),
with Debtzero, you only have to enroll the debts that you want reduced.
(Back to questions)
Q 9. Can
I still participate in the program if I have a flexible monthly
income?
A. Yes. Our fees and payment schedule is on a client-by-client basis.
We will set you up a payment plan that is convenient and affordable
for your unique situation.
(Back to questions)
Q 10. Does
Debtzero keep my financial information private and confidential?
A. Yes. Your financial information will be kept confidential. Only
people authorized by you will have access to your debt reduction
account. Creditors will simple be advised that we are assisting
you with your finances. In addition, we do not report to the Credit
Bureau so you don’t have to worry about other creditors seeing
that you are being assisted with your unsecured debts.
(Back to questions)
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