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Top 6 Reasons
the ADS Debt Settlement
Approach Makes
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Reason #1:
Excessive Fees!
When
the industry was started about 10 years
ago the fee structure was on a success
oriented basis meaning commissions or
fees were charged on the amount of
savings the company was successful in
negotiating for their client. Now fees
are 12-15% of the total principle
balance before any effort is made to
work on your account. Usually the fees
are prorated over the first year of the
contract but some companies take their
fees over the first 3 or 4 months. This
is money that cannot be used for
settlement purposes. Some companies
also charge a start up fee and monthly
service charges.
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ADS Answer:
We charge a one time fee for access to our
entire online Debt Settlement
Training and Coaching
System. You will receive a
membership to our website
that explains the ins and
outs of the entire Debt
Settlement industry. Our
program will show you how to
work the system to position
your accounts in a way that
your creditors will want to
settle with you for 35-50%
of the total amount. The
membership will also allow
you access to our client
forum where you can share
experiences and successes
with other site members.
You can also post questions
for our in-house experts for
any further advise you may
need. |
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Reason #2:
More creditors refuse to work with debt
settlement companies:
Their point is that the high fees
should be better used to apply against
any debt. For example, you owe $25000.00
on 5 cards at $5000.00 per card. Your
upfront fee to a debt settlement company
for professional services may cost you
as much as $3750.00 or more.
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ADS Answer:
With our low one time fee
you have more of your money
to apply to your debts,
which will allow you to
become debt free sooner and
at less cost. Recently both
MBNA (now Bank of America)
and Citibank have announced
their refusal to deal with
debt settlement companies.
To get around this
roadblock, the debt
settlement companies are
having their clients call on
their own after a training
lesson. This is what
ADS is all about. |
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Reason #3:
More and more regulations are being
forced on the industry by various
federal and state regulators:
In
2004 the Federal Trade Commission shut
down one of the largest credit
counseling and debt settlement companies
for charging millions of dollars in
erroneous fees. The following states
have either banned the use of or
severely reduced the activities of debt
settlement companies: Delaware,
Georgia, Idaho, Kansas, Maine,
Mississippi, Minnesota, North Carolina,
South Carolina, Utah, and Wisconsin.
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ADS Answer:
ADS will provide you with
the proper training and
coaching to negotiate a
settlement on your own. We
do not escrow any of your
funds, and we charge a fair
fee for our system.
Therefore, the before
mentioned restrictions do
not apply. |
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Reason #4:
Graduation Rates!
The debt settlement companies are very
aware of this, and that is why they want
their fees upfront. You know how
unpredictable your financial situation
can be, what you think you can do today
can often change by tomorrow. You might
work the program for a year and may have
settled 1 or 2 accounts but what if you
have to stop the process. Where are you
now financially? Your accounts are now
a year older with hardly any money to
settle because you paid the Debt
Settlement company their fees upfront
based on your total debt.
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ADS Answer:
Since our fee is low, there
is no risk by dropping out
of the program . With our
online training and coaching
tutorials, you now have the
knowledge to manage on your
own debt and you can start
and stop the process as your
financial situation
dictates.
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Reason #5:
Debt
Settlement company professionals claim
they can dictate to the creditors
sizable discounts on your debt.
This is simply not true! Debt
settlement companies work in the same
arena as other debtors and have no
influence on the collection or debt
reduction practices of the large credit
card companies
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ADS Answer:
Our system will show you how
to approach the process in a
serious business like
manner, which will impress
both you and your creditor.
The debt settlement process
is complicated but our
program has broken down the
entire process making it
more simple and easy to
understand. With our online
tutorials and sample you
will have everything you
need to reduce your debt
Our program will help you
through the entire debt
reduction process so you can
plan on how and what to say
to the creditor when you
receive a phone call.
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Reason #6:
Most
debt settlement companies will set up
your set aside money in an escrow
account that they control.
You
send them your monthly payments and they
make the payments to your creditors,
after their fees have been satisfied.
This means that it will take longer for
you to become debt free.
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ADS Answer:
You may want to set up your
private account in the bank
that you choose. It is
important to manage these
accounts based on you
financial abilities.
With the ADS Program we will
cover how this whole process
works. Sign up today
and become debt free.
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