We
have tried to be complete but you may have questions that are not covered here.
See if any of your questions are answered below, and if not, please complete our
short information form on the home page and a representative will contact you
or call us at 877-719-3328 to answer questions and help you get started. Our attorney
debt negotiation program is an aggressive approach to consumer debt reduction.
Attorney debt negotiation may be appropriate for consumers with serious amounts
of unsecured debt and are experiencing legitimate financial hardships. It also
may be appropriate if you cannot afford to repay or get out of debt by making
minimum payments to creditors and also want to avoid filing Chapter 7 and 13 bankruptcies.
Q:
Do I qualify for your debt negotiation program?
A: Essentially, our attorney
debt settlement service is easy to qualify for. First, you need to make sure that
you're 100% confident in your decision to settle your debts, you will have responsibilities.
Second, you must have at least $15,000 in unsecured debt and feel you can no longer
afford to make the minimum payments to your creditors each month, as well as pay
necessary living expenses. Thirdly, you must have some income and be able to afford
the monthly escrow payments for the term of the program. These escrow payments
are ultimately used to pay for services rendered as well the creditors once a
settlement has been reached. If you meet these three requirements, you can qualify
for the attorney debt reduction service. Q:
Who are our clients? A:
Our clients are individuals who have decided that they want to reduce their debts
of $15,000 or more of unsecured debt with either one or more creditor. This person
is finding it difficult to get ahead financially and at times cannot keep up with
their monthly expenses. This is usually due to a form of hardship such as reduction
in pay or loss of job, divorce, health problems or other major financial problems.
Q:
How do I know if I am right for your help?
A: Our clients are individuals
who have decided that they want to reduce their debts of $12,000 or more of unsecured
debt with either one or more creditor. This person is finding it difficult to
get ahead financially and at times cannot keep up with their monthly expenses.
This is usually due to a form of hardship such as reduction in pay or loss of
job, divorce, health problems or other major financial problems. Q:
What techniques are used by The Attorney Network to reduce my debt?
A: We are not allowed
to discuss the specific techniques The Attorney Network use because it is proprietary
information. However, all of the techniques are based off information that can
be found on our helpful links page. We have also included several other helpful
links for you to visit. Q:
Will I still pay my creditors directly while in the program?
A: Once a client, you
will no longer pay your creditors entered into the program directly. All of the
debts you have retained The Attorney Network for are organized into one manageable
payment. The Attorney Network will be negotiating on your behalf, upon the savings
of funds; your creditors will be paid directly from your special purpose trust
type account. Q:
Do I have to be delinquent on my bills for your help?
A: No! Many people experiencing
financial hardship realize that their cash flow will not be sufficient to satisfy
their debts since their overall debt situation has deteriorated. However, many
of these people were barely making their minimum payment on bills each month.
We understand that there are bills that have to be prioritized each month to meet
their other financial obligations such as rent/mortgage payment, food, utilities
or healthcare. Q:
What is debt consolidation?
A: Debt consolidation
plans involve reorganizing your outstanding debts with your existing creditors.
Money is not loaned and original creditors do not change, however, the terms and
conditions under which the outstanding debt can be repaid usually changes significantly.
Q:
When should I consider bankruptcy?
A: Bankruptcy should always
be a last resort in solving financial problems. Bankruptcy is a short term solution
with long term ramifications. Although bankruptcy, in some cases, may be unavoidable,
it will appear on your credit report for up to 10 years. Second it may harm your
future by preventing you from applying for certain jobs, state licenses and many
types of loans. We want you to be comfortable and successful resolving your debt.
Q:
Can I continue to use my credit cards after I enroll in your program?
A: During the term of
your debt settlement program, the use of any credit cards could dramatically reduce
the possibility, or make it impossible to obtain a settlement. Q.
If I enroll in your debt settlement program, will my credit score be affected?
A: Your credit score is
likely to drop during a debt settlement program. However, following the successful
completion of The Attorney Network’s debt settlement program, your credit score
should improve as your debt to income ratio continues to decrease with each successful
settlement. Q:
If I miss a monthly payment, will I be dropped from your program?
A. No. Simply call our
customer service department and we will help you over the phone. It is understandable
that circumstances may arise and we will help you get back on track with your
payment schedule. Q:
Who do I call if I have a question about the program or a problem with a creditor?
A: Upon enrollment, you
will be given an account number and be assigned to an account representative who
will be handling your case. You can talk directly with any account representative
whenever you need to discuss a problem or concern. Q:
How much does it cost to call you?
A: Our debt consultation
is free; In addition we do not charge you per individual accounts, or a percentage
of your total debt placed at the time of the application process. When you are
currently enrolled in the debt settlement program, you can include additional
accounts at a later date for no additional enrollment fee. Once you have paid
the retainer fee to The Attorney Network, you simply begin the debt program with
your first scheduled payment. Q:
How much does your debt settlement program cost?
A: The Attorney Network
does not charge per account or a percentage of total debt placed into the debt
settlement program. Clients will pay a one time retainer fee to The Attorney Network
in the amount of $750 for the debt settlement program. The client also agrees
that The Attorney Network is entitled to a fee in the amount of twenty five percent
(25%) of the difference between the creditors claim (debt) amount and the amount
negotiated by The Attorney Network. There is also a nominal monthly administration
fee of $39.95, which is included in the monthly savings amount for every month
that the Client is enrolled in the program. While enrolled in the debt settlement
program, additional accounts can be added into the program for no additional retainer
fee. Q:
Is there a penalty for paying my debt off sooner than my program requires?
A: Absolutely not. There
is no pre-payment penalty. Q:
Is there a termination fee for leaving the debt settlement program?
A: Absolutely not. There
is no termination fee. Q:
If you cannot negotiate a settlement with any one of my accounts, do you still
charge a settlement fee? A:
In the unlikely event that The Attorney Network may be unable to negotiate a settlement
on a particular account, the client will not be charged a settlement fee for that
particular account. Q:
What types of debt can be handled by the company?
A: As a general rule,
any type of unsecured debt can be successfully negotiated. Any unsecured debts
meaning credit cards, department store debts, medical bills, personal loans, old
utility bills, repossessed car debts, charge offs, collection accounts, judgments. Q:
What is the difference between unsecured vs. secured debt?
A: Unsecured debt is money
owed without collateral or not tied to a specific material item that could be
repossessed by the creditor. Some examples of unsecured debt might include Credit
Cards or Medical Bills. Secured debt is money that was borrowed with a condition
that if you fail to make your payments one (or more) of your possessions may be
seized and sold by the secured creditor. Some examples of secured debt might include
a Mortgage or Car Loan. The Main exception here are student loans, which in most
cases are government backed loans that cannot even be discharged in a bankruptcy
proceeding. (Private Student Loans that are not sponsored by the government can
be included.) Q:
What is my payment based on?
A: We will provide you
with payment options and you make the determination what is best for your budget
not ours. The amount of debt you put in to your program and how quickly you want
to resolve that debt. Q:
Where does the money I send go each month?
A: Into your Global
Client Solutions FDIC special purpose trust type account for saving until
payment to your creditors is negotiated and made. All access to this account can
be made 24 hours 7 days a week via internet or telephone so you can view every
transaction that has been made and view the accounts as they are settled. Q:
How does my creditor know you are really working for me?
A: Each client receives
a Client Package that contains the necessary letters that are mailed to your creditors
requesting that all correspondence being sent to you, be redirected to us. Q:
How fast will I see results?
A: Once you are set up
in the program, your creditors are contacted immediately with our notification
letter and authorizations. Once you have notified your creditors of the address
and telephone number change, and have successfully saved funds in your account,
the negotiation process begins. Depending on your schedule you may see an account
resolved as early as 60-90 days later. Q:
If I enroll, when will I begin to see settlements and/or payments towards my outstanding
debt? A:
Following the accumulation of funds in your account, we will closely monitor your
savings and negotiations will begin in as little as 60-90 days directly with the
creditor(s) to reduce the debt for less than what is owed. Individual results
may vary based on a client's ability to save funds, the amount of debt and the
willingness of creditors to negotiate. Q.
How long will it take for me to become debt free?
A. The Debt Settlement
process usually takes between 12 – 36 months. Q:
Can you guarantee what my settlement will be?
A: There are no guarantees
what a client's creditors will do now or in the future until a settlement agreement
has been reached, acknowledged, conveyed and accepted by all parties. Individual
results may vary based on ability to save funds, amount of debt and willingness
of creditors to negotiate. Q:
What does it mean to default on debt?
A: When you default on
debt, you fail to make timely payments or follow other terms of the loan. Q:
Can my wages be garnished? A:
If you listen to some debt collectors, you might be fooled into thinking that
they will seize your very next paycheck unless you make a payment right that very
second. The threat of losing part of one’s wages to a garnishment action is truly
frightening to someone already struggling in their finances. Actual garnishment
actions are relatively rare, and do not happen without advance warning. First,
a creditor must bring a lawsuit, obtain a judgment, and then take an additional
step to obtain authorization for the garnishment. Plus only one creditor can garnish
your wages at a time. | 
