It s long but please read BEFORE you start the pro...

It s long but please read BEFORE you start the program. Please! Be smarter than me! Learn from my mistakes!

THE BIGGEST MISTAKE OF MY LIFE! Now I have terrible credit and I ve paid exactly what I owed plus some.

See, because they don t cancel your card (credit card example) right away you still get late fees every month. Then the interest rate increases to the highest level it can and that starts racking up. You stop making payments (to them, you are still making payments to a bank account you can t access) and just wait... then months go by, hundreds of additional dollars are added to your debt. THEN they reach an agreement. They will settle your debt, here is the important part YOUR CURRENT DEBT! Not the debt you started with. Example: Say you owe $1,200 on a credit card, 6 months of interest and late fees your debt is much higher by then. So now you owe $1,700 rather than $1,200. So they reach an agreement with your credit card company to settle for 2/3rds of the debt (they boast settling for 50% but of the 7 debts I put into the program ONLY the first one was settlers for 50%, and that was 50% of what it was after they reached an agreement, NOT what it was when I started the program! So they settle for 2/3rd the current debt. That s roughly $1200-1300... depending on your interest rates and your late fees. So they ve settled for what you owed originally plus a little. Ok, so you are paying the debt you owed anyway... no oh.. wait! They charge a fee, how do you think these companies stay open?!? Their fee is 1/3rd of the debt they settled, so that s about $350. So the first thing that occurs is they call you and give you congratulations that one of your debts has been negotiated for a settlement. So you get all excited! So you end up paying $1600 for a debt that was originally $1,200. Not a celebration. So that s just the first few. After they settle a few more then they say that the funds you are depositing each month are not enough. So they say in order to make this deal work, we need an additional $150 a month. How can you make that work? Did you suddenly get promoted to VP of your company?? NOPE! You can t! So you tell them! Then they say ok let me work the numbers and somehow magically make it where you won t need those additional funds! They ve worked it out where their fee comes out after your debt it paid. But you still owe it.

I m sorry if this is confusing... I just want people to understand what they are getting into. How about this?!? Before you set everything up with NDR call each of your debtors and tell them you are in a bad situation. Ask them if they can work with you to prevent you from destroying your credit and still making you able to feed your kids. They want to be paid so they will work with you. Try this PLEASE before you start this program. Please.