Debt Management FAQ’s

What type(s) of accounts can be settled?
Many types of account issues can be resolved through a settlement. Although you should check with our consultation department, the typical debts that may be satisfied include:

• Accounts in the process of collection
• Charged-off debt(s)
• Deficiency balances
• Medical bills
• Unsecured loans
• Unsecured credit card debt

What's the difference between your Extended Settlement Program and a Consumer Credit Counseling program?
Unlike Consumer Credit Counseling, where they negotiate interest rates for you. We negotiate the debt itself. We pay the creditors what they want, not what you “owe”. As always, our consultants are trained to help you find your way to financial freedom, call for additional details.

Why would a creditor want to settle my debt?
Lenders take a risk when they loan people money. Every month more and more individuals and businesses declare bankruptcy. If your accounts are in delinquent status, your creditors are probably worried about the possibility of you declaring bankruptcy, and rather than receiving little or nothing through the bankruptcy courts, they would rather accept a settlement to minimize their losses.

How do I get started?
Advanced Credit Solutions has Debt Consultants standing by to guide you through the enrollment process or to just answer your questions. You can reach us toll-free at 1-866-204-0119 or by email info@thedebtsettlementservice.com. In order to expedite the process, please have as much information about your creditor(s) and the amount(s) you owe ready.

How will I know if it's right for me?
Advanced Credit Solutions’ Debt Consultants will make every effort to ensure that you are enrolled in a fair and equitable settlement plan. Using the documents you provide on the amounts you owe to your creditors, our specialist will put together a table showing you exactly:

• The amount of your monthly payment
• Your projected overall savings
• How long the program will last.

Our goal is to help you satisfy your debts and help you on your way to financial recovery. For a free consultation, or just to run numbers you can call us at 1-866-204-0119.

How much does the Extended Settlement Program cost?
We ask for a small percentage of the total debt, spread out over the first 18 months of the program plus a small monthly account servicing fee ($9.50). These costs are included in your monthly payments quoted by our debt consultants. A specific proposal outlining all of the fees and allocation of monies paid by you will be prepared for your unique needs during your fee consultation.

Do I need to continue sending payments to my creditors after I have signed up with the Advanced Credit Solutions Extended Settlement Program?
The decision is up to you. Advanced Credit Solutions does not require you to continue making payments on any account we include the program. Your Debt consultant can advise you more specifically on each individual account during your free consultation.

How will my creditors know that I have enrolled in an Extended Settlement program?
After we have received your signed Extended Settlement Agreement, our negotiation team will also begin contacting each company when it is appropriate; to arrange settlements as the funds from your monthly payments become available. It is important to understand that the negotiation team has a strategic plan on when to contact which company… it may not be right away.

What if I am receiving collection calls?
If you are receiving collection calls, the collection agent may not yet be aware of your enrollment with us or may not yet received any requests we may have sent to their company (or last known collector). You will be given an 800 number to pass along to the collector if they are interested in the settlement plans for the account. You do not need to give them any more information or otherwise converse with the agent other than that.

Please immediately report any collection attempts that you find offensive, excessive or otherwise harassing immediately to our customer service department.

How does enrolling in Advanced Credit Solutions Extended Settlement program affect my credit?
You should be aware that while settlements are being arranged, or accounts are waiting to be arranged your creditors may report late payments, collections etc for those accounts on your credit report. During the course of the program your credit profile and score will likely not improve and will possibly suffer.

However, to encourage you to complete your program with us, once we finish settling your last debt included in the program we will provide you with a Credit Restoration Program to reflect the satisfaction of accounts and get your score back on track. It is our strategy to minimize or eliminate any negative impact of your Extended Settlement Program or previous debts on your future credit reports. Once you complete the Extended Settlement Program, your credit profile will likely be better at this point than when you entered into the program.

Does Advanced Credit Solutions guarantee a specific result?
The Extended Settlement Service provided is subject to the terms and conditions of the Extended Settlement Agreement and your specific debts. A Debt Consultant from Advanced Credit Solutions will advise you on our guarantees during your consultation and how we can assure the best possible success.