I Don't Want To Close My Cards/not Sure

Front 1

I don't want to close my cards.

Back 1

(If the cards aren't maxed out) I can understand not wanting to close your cards, and it's a very common concern among people that do these programs, however, what I've found is that you can always keep certain cards out, you don't have to put all of them in. You can also always get new cards from the same creditors or different creditors when you're done. But if they agree to permanently come down to 0 interest on that card, they don't let you keep charging on it, they would close it out.

Front 2

I don't want to close my cards (maxed out)

Back 2

I can understand not wanting to close your cards, and it's a very common concern among people who do this program, however, what I'm finding here is that a lot of these cards are maxed out (or close to maxed out). So since you can't charge on them, what's the point of keeping them open only to be charged interest?

Front 3

I don't want to hurt my credit.

Back 3

I can understand not wanting to have your credit affected, and it's a very common concern among people who do these programs, but what I'm seeing here in your situation is that whenever you have a high debt-to-income ratio; that also negatively affects your credit. Not only does it interfere with qualifying for new loans and mortgages, but it slowly drops your credit score over the 20 year period that you are paying them off. The only difference is here, you are paying the debt off over 4 years and afterwards your credit would heal, as apposed to paying this off over 20 years and the whole time the debt to income ratio is interfering with loans and dropping your credit score anyway. This would give you a finish line and get your credit back on track in a shorter time frame then paying for the next 20 years.

Front 4

If they still don't want to effect their credit.

Back 4

If you're debt to income ratio is hurting your credit, and it's going to continue hurting your credit, wouldn't taking a temporary effect to your credit, paying this down over 4 years instead of 15 or 20, and having your credit heal after, be better for your credit and your finances in the long term?

Front 5

I don't want this program, I don't want to pay back less than I borrowed, I feel that's morally wrong?

Back 5

I understand that you want to pay back everything that you borrowed, but that's actually exactly what this program does, it pays back everything you borrowed. The way we do this is a bit different from most companies. The way we do it is that we approach these creditors with thousands of clients at a time and millions of their dollars and so we have a great deal of leverage and part of what we are able to do is that we can get them to take a portion of the payments you've paid over the last 3 years and count some of that toward your current payment plan. So that you would have less left to go, but you're still getting everything you owe paid back.

Because if you've been paying $1000 per month for the last 3 years right?

Okay, so 1000 per month for the last 36 months, that's 36000. That's 3600 you've already paid toward the debt, they aren't even counting toward this. They're still saying you owe another 30000 on top of that and then with interest on top of that. So we can get the creditors to take a portion of the 36000 you've already paid and apply some of it towards this current payment plan. So you'd have less left to go, but you are still getting everything you borrowed paid back. AND we get them to mark the accounts as paid in full after each one is paid off. Which helps your credit bounce back after you're done.

Front 6

Am I going to get phone calls?

Back 6

Actually the day after you make your first payment we would send the creditors letters of legal representation and powers of attorney to let the creditors know that you are enrolled in the program and they should redirect all calls and correspondence directly to our lawfirm so that they don't bother you or annoy you during the process. So that would eliminate any calls you would normally get from the creditors.

Front 7

The payments don't add up to the total amount, this doesn't seem right.

Back 7

The way we do this is a bit different from most companies. The way we do it is that we approach these creditors with thousands of clients at a time and millions of their dollars and so we have a great deal of leverage and part of what we are able to do is that we can get them to take a portion of the payments you've paid over the last 3 years and count it toward your current payment plan. So that you would have less left to go, but you're still getting everything you borrowed paid back. (Do the amount per month X the months calculation with them)

Front 8

Am I going to have to pay taxes on the savings of this program? What happens if I get a 1099?

Back 8

It is true that whenever you have a savings of $600 or more, which you definitely would get from this program, creditors always do have the right to send you a 1099 for the difference. It is very rare that they actually send that, it is very unusual. But if you ever should receive a 1099, all YOU would have to do is fill out the proper tax response paper form which is a form 982. Now you can get 982 form from whoever does your taxes, they would know about it, or you can get it directly from the IRS website. The form 982 is an exemption form, so if you get that exemption at that point you would not be liable for any of the taxes from savings of this program.

Front 9

How can I be sure the creditors will work with you and agree to this?

Back 9

Part of the purpose of doing the free analysis was partially to determine if these creditors work with this program. And your particular creditors have been working with this program for over 19 years. This is a program your creditors do work with and this is something the firm would be able to guarantee in writing for you.

Front 10

How do I know you guys are legit? How do I know this is not a scam?

Back 10

Well century law firm is a national firm with offices across the country. You can look us up. The website is centurylawinc.com The firm has 19 years experience. They have an A+ rating with the Better Business Bureau and zero consumer complaints for the years they've been doing this. If you look them up, you'll see they have an excellent reputation. There is no way a firm could scam consumers or steal money and maintain an A+ rating with the zero consumer complaints. Also we would put everything in writing for you and review it with you just to make sure you are comfortable with everything and you understand everything. And before you go forward we would schedule an in person meeting where we actually send one of our local representatives out to you with papers, to review in person before you sign up. So there is an in person meeting as well its not all over the phone. And you're going to have a guarantee in writing from an A+ rated firm with zero consumer complaints.

Front 11

Who is going to be doing this?Citizens/Siganture/________Funding or Century Law Firm. Who do you work for?

Back 11

Well________Funding only does the loan options, when you cannot qualify for any loans due to high debt to income ratio or poor credit score, they refer you to us to see if we can help you with one of our low interest or 0 interest programs. So this program would be solely through Century Law Firm.

Front 12

And who do you work for?

Back 12

I work for Century and I would be here for you throughout the whole program. I'm here to help in any way that you need.

Front 13

If I do one of these programs, don't the creditors have the right to sue me?

Back 13

Actually as soon as your debt to income ratio gets too high, creditors have the right to deem you a high risk and take legal action to collect the debt immediately. Meaning they could do that now, even, if you do not do the program. Now it is very rare that they do that, it's very unusual. But because they have the right to do that as soon as your debt to income ratio gets too high, we actually provide full legal representation on all the cards we put into the program at no additional cost. So if you ever get any legal paperwork, all you would have to do is get it over to us, our attorneys would reach out to their attorneys, and work out a payment agreement. Using your monthly payments to cover it. And we would not charge you anything additional because we include full legal representation and protection on all the cards you put into the program at no additional cost.

Front 14

How low will my score drop?

Back 14

There is no real way to measure that because the credit score is generated by a computer algorithm that's made by FICO which isn't made public to financial institutions so it's very hard to measure with real accuracy. But we do know that 35% of what goes into calculating the credit score IS debt to income ratio, so when you pay off $____ off of credit card debt, it's going to cause a boost to you credit score. During the program, it's kind of easier to think of it like your credit score is on hold. But it's only temporary and after you're done, your credit score would come back stronger than it is now. But what I'm seeing here in your situation is that whenever you have a high debt to income ratio that also negatively affects your credit. (Drops score slowly over 20 years speech)

Front 15

How do I know you guys aren't gonna take my money and not pay the creditors?

Back 15

First of all the savings account that your payments would be going into each month would be under your name. You would have complete control over the account at all times. And we always need your permission and approval before we are able to transfer the funds to pay off one of your creditors. And on top of that the account is FDIC federally insured. But also century law firm is a national firm with offices across the country. You can look us up. The website address is centurylawinc.com. The firm has 19 years experience and an A rating with the Better business Bureau and zero consumer complainta. (Put everything in writing and have an in person meeting speech.)

Front 16

How does this work exactly? Do I have to go late?

Back 16

The way it works is that your payments would be going into a savings account, those are funds that our attorneys would go to and use to offer the creditors structured payment agreements to get each card completely paid off, one by one. And the way we do this is we pay the cards off from lowest balance to highest balance. Because paying them off in this way, it gets the debt to income ratio dropping faster. And this also allows us to pay them off within 4 years/ 3 years/ and 3 and a half years repayment plan.

Front 17

Do I have to go late?

Back 17

Since we are paying them off one by one, you're doing it in a different way. You're not doing the minimums because if you do the minimum installments to every single card at the same time, month after month, that actually keeps the interest included in your payment plan and then that is what stretches it out 20 years and causes it to be so much more expensive, and since, you'd be paying them off one-by-one through the program instead. So because you're not doing the minimums, there'd be a temporary effect of the credit, but when we get each card paid off, we get them marked as a zero balance, we get them marked paid in full and get them moved backed into a satisfactory standing on the credit report. Because once a card has a zero balance and it is in the satisfactory standing on the credit report, then the card no longer has a negative bearing to your credit reports or your credit score. So by the end of the program when all the cards are paid off and move back into that satisfactory standing, your credit would heal. We have a lot of clients that eight or nine months after they finished the program, your credit score's back in the 730 or 740 s. So in the long run it would help your credit because you'd both be paying off your debt very quickly and your credit would recover after you are done. But during the program there is a temporary affect to your credit so you just have to be aware of that.

Front 18

I don't want automatic debits

Back 18

Unfortunately, all programs that do these credit card or debt repayment plans are done through automatic debit, that is the only way they're done, because we have to be able to show an electronic paper trail of how the money goes into your account and how it is dispersed to pay off your cards throughout the program is actually a consumer protection law.