FAQs

Yes, you can. However, know that the debt resolution process is complex and can be time-consuming. Most debt-ridden consumers greatly benefit from enlisting the help of experienced debt resolution professionals. Advantage Finance’s expert consultants have the experience necessary to negotiate with creditors on your behalf and successfully obtain reasonable and fair debt resolutions.

No, Advantage Financial Freedom  Freedom does not provide credit repair services.

No, Advantage Financial Freedom cannot stop your creditors from contacting you. However, there are laws enacted to help with harassment by third by collection agencies. It is important to remember that all collection agencies must adhere to principles laid out by the Fair Debt Collection Practices Act.

Yes. Your creditors have the right to sue you to recover their funds. However, lawsuits are usually meant to force a settlement of the debt. It is our experience that most creditors would rather negotiate a settlement than go to court. When you participate in the debt resolution program, you will have experienced debt resolution consultants on your side.

No. Financely challenged consumers who participate in the Debt Resolution program can no longer use credit cards. All credit cards that have been included in the program will not be active.

In addition, any credit cards that are not entered into the program should not be used. When implementing your debt resolution program, our consultant’s primary concern is getting you out of debt. Until this process is complete, credit card use will only compound your debt problem.

The purpose of Debt Resolution is to get you out of debt at a substantial settlement, not to improve your credit. There are many factors that need to be considered when assessing credit worthiness, including your total amount of debt, payment history, available credit, number of creditors, etc. For more information on how your credit score is determined visit http://www.myfico.com.

Debt settlement does not guarantee that you are safe from bankruptcy now or in the future. It is strongly recommended that anyone considering the debt resolution program also seek advice from a bankruptcy attorney.

If you are currently meeting your monthly debt obligations and are able to continue to do so, then a debt resolution program is NOT for you.

Advantage Financial Freedom debt settlement program is a hardship program. This program is only for people who:

• Have a financial hardship
• Are late paying their unsecured debts
• Have no ability to make payments in the future
• Bankruptcy is the only other option

Examples of qualifying hardships are loss of income, medical emergency, death of a member of the household who provided financial assistance, or a divorce.

The debt settlement consultants will carefully analyze your financial situation and work with you to determine a monthly amount that is in line with your total debt, income, and expenses. If you qualify, they will:

• Establish a Trust Account for you (set up for you when you enter into our program)
• Advise you on a recommended savings level for the Trust Account
• Advise you on how to build enough savings in the Trust Account that will allow us to negotiate a settlement with one of your account creditors
• Usually, starting with the smallest balance, then work up.

Once your Trust Account has enough funds saved, Advantage Finance will:

Reach out to your creditors and begin the debt negotiation process

Once your debt settlement is reached with your creditor, Advantage Finance will:

• Present you with the offer
• Thoroughly discuss it with you

If you approve the resolution offer, we will have your creditor send the agreement to Advantage Finance and you in writing.

Contact the Advantage Finance team of debt resolution professionals to learn if you meet the criteria to participate in our program. Our experienced debt settlement consultants will review your application and information and contact you within 24 hours for a complimentary introductory consultation.

The unique debt resolution program is not meant for consumers who have the means to pay off their debts. However, for consumers who find themselves unable to cope with mounting debt, our experts can many times successfully negotiate with your creditors. Our debt settlement consultants will help you develop a reasonable payment plan, predetermine the amount you need to set aside, and then work directly with your creditors to negotiate your debt.

The debt resolution program is designed for consumers who are experiencing severe financial hardship and are unable to pay their unsecured debts, will likely not have the ability to pay their unsecured debts in the future, and are facing the possibility of bankruptcy. Qualifying financial hardships can include a loss of income, death of a financial provider of the household, a medical emergency, or a divorce.