Why would you go through a process such as this?

First of all, there are many reasons why you may choose to take this route in your financial life.  Some common causes include:

• Failed business
• Declined or lost investments
• Previous lawsuit
• Major medical issues (and resulting bills)
• Detrimental divorce settlements
• Lost job
• And many others…

Different results could come of the above situations, but often the result is financial ruin.  It could be that it is no longer physically possible for you to make all your payments and meet your obligations. You may be looking at bankruptcy. Perhaps you are just running. What is the best option? When you run, they may, and probably will, catch up to you - with additional consequences. Bankruptcy will remain on your credit history for 10 years. You will not have any control when settlements and resolutions are decided. It is often the way to 'give up' on yourself. Often people are denied the ability to file bankruptcy as the laws have changed significantly, and any form you do file may still lead to unnecessary payment terms, garnishments, etc. You may also realize how costly and ineffective these other options are as well. These are all great reasons to find a better solution. One that puts YOU in control and has YOUR best interest at heart - our solution.

What can you expect from the process?

Benefits:

1. Substantial reduction and possible elimination of debts owed
2. More control and protection of assets from certain creditors
3. High success rate
4. Cost effectiveness versus alternatives both for overall balances as well as monthly payments
5. Tax "gain" avoidance- Utilizing the correspondence and case you developed allows you to contest the viability of tax liabilities assessed due to deficiency settlements.  Often when an account is charged off to collections for 5 cents on the dollar, the creditor calling it "paid" at deficiency through the sale or allocation to a collections company, the new collector continues to pursue full reimbursement while a possible "gain" is realized by you due to the creditors claim of "loss" for their own tax purposes
6. Avoid bank account and wage garnishment.

What are the risks and what can be done to mitigate them?

• Judgment - a judgment is basically a lawsuit in favor of the creditor, typically because of a deficiency or complete lack of payment (at least within our context).  The main defense against a judgment is with use of the Judgment Shield™ which acts as a deterrent against any judgment filings.  Creditors are FAR less likely to receive anything by pursing a judgment since they would have to "wait in line." They quickly realize it is far more cost effective to look at other solutions.  The continual disputing of accounts, fees, etc. also deters the placement or receipt of judgment as their position to be awarded one is weakened.  IF a judgment is realized, they are still deflected by the financial shield which effectively disarms their ability to collect.  Each judgment may remain on your credit for up to 7 years with the option to renew for an additional 7 years.  This of course would cost additional time and effort to renew and is unlikely.  Once the judgment is placed against you, you will have options to negotiate and eliminate it through general negotiation (an attorney may need to be involved) as well as certain credit repair means.  Judgments from unsecured creditors are often referred to as "expensive toilet paper" and can be handled.  Again, this is highly unlikely thanks to the disputing process and the Judgment Shield.
• Damage to Credit - ultimately, this is inevitable no matter which solution you look for.  The key is which provides you with the best opportunity for repair and quickest results for full financial recovery!  Throughout the process, the case you build against the creditor can be used upon completion to assist in the repair process.  You may also see results in negotiating with creditors as a stipulation for payment.  Even without these means, bad credit lasts 7 years, where items such as bankruptcy are 10 years.  We have seen credit go from 500 to above 720 in less than a year.  There are possibilities available.  The question to ask yourself is: How long will it take to pay back the debts with your current payment plan versus how long will it take to restore your credit?