Question 1

How will the program help my credit score?

Accepted Answer

To answer that, let’s consider how lenders decide whether to extend credit to you. Although many consumers focus just on their credit score, lenders consider your overall creditworthiness. Your creditworthiness is determined by your credit score and your debt-to-income ratio (or DTI), which is a measure of how much of your income is available after you pay your housing costs and any debt payments. Depending on your  financial goals, your DTI may actually be the most important factor. That’s true if you are applying for a mortgage, for example. Debt Settlement is intended to improve your DTI and make you a more appealing borrower. As for your credit score, it will likely decline during the initial part of the program. But as your debts are resolved, it will  improve.

Question 2

What does the program cost?

Accepted Answer

Our program is performance-based, so until we reach a settlement for you the program cost is zero. Yes, zero. Once we’ve negotiated a settlement and ensured that the creditor received a payment toward that settlement, we do charge a service fee. The fee is 25% of the balance at the time you enrolled. That means that you know from the first day how much the program is going to cost. And you’ll never get a bill from us – the service fee is budgeted into the monthly draft you make each month.

Question 3

How can I be sure that my money is safe?

Accepted Answer

Keeping your funds safe is always important, we understand that when you’re  experiencing a financial hardship it’s especially important. You can  relax knowing that your funds are safe because the funds that you set aside will be kept in a special trust account. The account is maintained by our law firm and is established in your name. That means you control your funds, and none of your funds can be used without your  permission. Your account is also FDIC insured. The fact is that you won’t be making monthly payments to us. Instead, you’ll be making deposits into your own savings account.

Question 4

Can't I just resolve my debts on my own?

Accepted Answer

Creditors may be willing to offer you a settlement directly. But keep in mind  that if they do, the offer will likely be in their favor – not yours. Before they asked for our help, some of our clients learned the hard way, that creditors can bury hidden fees and other penalties in the fine print. Our expert negotiators know exactly how to get you the best deal and protect you from any surprises. Think of it this way: You can always  try to fix your own plumbing too, but we’ve all seen sitcom episodes in which the home “expert” ended up knee-deep in water.

Question 5

Can you help me resolve any outstanding debt?

Accepted Answer

The program is designed to help clients resolve their unsecured debts, such as credit card and personal loan debt. Typically, we can also help resolve medical debt and vehicle loans, provided you no longer possess the vehicle. We are not able to resolve secured debt, student loans, money owed to the government (such as unpaid taxes), money owed  by court order (such as unpaid child support or alimony), or gambling  debt. If you’re not sure about one of your debts, just ask your certified debt consultant. We won’t enroll any debt in the program unless we’re confident we can resolve it.

Question 6

What is debt settlement?

Accepted Answer

Imagine that you and your creditors are facing each other, at a standoff. You know you owe them money and want to pay it back, but you  don’t have the cash to do it. The creditors want what you owe and keep trying different methods of collecting it. Neither of you are getting anywhere. That’s where we come in. We’ll fight for you and work out a deal that’s less than the original balance with payments that you can  afford — and that the creditor can live with. Now both sides are making  progress.

Question 7

How do I know if debt settlement is right for me?

Accepted Answer

Debt settlement is designed to help people who have faced a serious financial hardship. Although every situation is unique, such hardships include being out of work for a long time, facing a medical crisis, or going through a painful divorce. If a situation like that caused you to fall behind on your credit card or personal loan payments, debt settlement can help. It can also help if you are making your payments  but find most of your money going toward the interest charges; we know how discouraging it can be to feel you aren’t making any progress in paying off what you owe. For most people struggling under the pressure of too much debt, debt settlement is the fastest and least expensive way to pay off what they owe.

Question 8

What kinds of debt do you work with?

Accepted Answer

We handle any unsecured debt, which is debt that is not backed by an asset (like a car or a house). Examples of unsecured debt include credit cards, personal loans, payday loans, medical bills, and auto repossessions.

Question 9

How much will this cost me?

Accepted Answer

There are zero upfront costs, and you'll know exactly what to expect  before moving forward. We'll work with you to agree on an ongoing  monthly amount that works with your financial situation, lifestyle, and  family needs. No hidden fees or nasty surprises.

Question 10

Is Empower Financial Relief legit?

Accepted Answer

Companies like Empower Financial Relief partner with law firms to give you easy access to seasoned professionals who are ready to fight for you. We're proud to say that our attorney partners have helped 100,000+ people resolved Billions of dollars in debt over the past 30 years. We've got you covered!

Question 11

Can you guarantee a specific settlement percentage?

Accepted Answer

There's no such thing as a guarantee in the debt settlement industry. The client's financial status, employment, the creditor, the amount of the debt, and many other factors influence the outcome of the negotiation process. We do our utmost to negotiate the best possible  settlement for, but it would be impossible, and irresponsible, for us to  guarantee a specific settlement percentage.

Question 12

I'm not sure if I want to share my story with a stranger. How will I be treated?

Accepted Answer

We understand! Your Certified Debt Consultant will listen patiently, respond compassionately, and help you find the clarity and confidence you need to move forward. You'll never be judged, questioned, or pressured. We're here to help you put the stress behind you, not add to  it!

Question 13

Who will I talk to if I have questions along the way?

Accepted Answer

Within 24 hours of signing up, you'll connect with a dedicated Account Manager, who will be your single point of contact throughout your journey. That way, you can relax knowing a caring, competent professional will be there for you—from start to finish.

Question 14

Will my harassing creditors leave me alone once we start working together?

Accepted Answer

Yes, creditors are required to cease communication with you as soon as we notify them that you're being officially represented. From that point forward, you won't have to talk to them on your own.

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© 2024, Empower Financial Relief, All Rights Reserved.

Frequently Asked Questions

Get A Free, No-Obligation Debt Relief Consultation

Main

Useful Links

© 2024, Empower Financial Relief, All Rights Reserved.

Get A Free, No-Obligation
Debt Relief Consultation