Debt Elimination Services

do it yourself debt settlement intro

Pemper and Gartle has secured its place as the leader in the Debt Elimination Services environment for the last ten years. We have helped thousands come to terms with creditors, collectors, suppliers and more with the help of our FREE Do It Yourself Debt settlement Manual. Also, with the help of our large network of partner companies all BBB, TASC accredited and affiliated we can help find the best Debt Settlement, Debt Consolidation, Debt Management solution suited to your needs.

Compare unsecured personal loans online for good or bad credit.

At Pemper & Gartle we have your best interest at hand, we understand the pressure you come under when you have fallen on hard times and we are here to lend a helping hand. Our FREE DIY Debt Settlement Manual and Structured Settlements have helped many regain their financial freedom, why not let it help you?  If you are struggling to meet your monthly Unsecured Credit Card Payments take a few moments of your time to fill out our simple form and see if you qualify to receive a FREE DIY Debt Settlement Manual. Take the first step, fill out our simple form and let our FREE DIY Debt Settlement Manual get you started on the road back to financial freedom.

Are you eligible for individual voluntary arrangements.

Debt Settlement

Debt settlement, also known as debt arbitration or debt negotiation, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.

Debt settlement is the process of negotiating with creditors to reduce overall debts in exchange for a lump sum or monthly installment payment. A successful settlement occurs when the creditor agrees to forgive a percentage of total account balance. Only unsecured debts not secured by real assets like homes or autos can be settled. Unsecured debts include medical bills and credit card debts - not student loans, auto financing or mortgages. For the debtor, this makes obvious sense, they avoid the stigma and intrusive court-mandated controls of bankruptcy while still lowering, sometimes by more than 50%, their debt balances.

Negotiating with a collection agency or junk debt buyer is somewhat similar to negotiating with a credit card company or other original creditor. However, many collection agencies (or junk debt buyers) will agree to take less of the owed amount than the original creditor, because the junk debt buyer has purchased the debt for a fraction of the original balance. As a part of the settlement, the consumer can request that collection is removed from the credit report, which is generally not the case with the original creditor. Even if the removal of the collection account from the consumer credit report has been successfully achieved as a condition of settlement during negotiations, the negative marks from the original credit card company will still remain.

Do It Yourself Debt Settlement


The same idea as Debt Settlement, the only difference is that in Do it yourself debt settlement the consumer him/herself negotiates all debt settlements for him/herself.

By negotiating debts on their own, debtors are able to save in fees that would otherwise be paid to a debt settlement company or an attorney. This option also gives the debtor more control over the process, which is a motivational factor to successfully continue until the debt negotiation process is completed.

Debt Consolidation

Debt Consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.

Debt consolidation is often advisable in theory when someone is paying credit card debt. Credit cards can carry a much larger interest rate than even an unsecured loan from a bank. Debtors with property such as a home or car may get a lower rate through a secured loan using their property as collateral. Then the total interest and the total cash flow paid towards the debt is lower allowing the debt to be paid off sooner, incurring less interest.

Our Free Do It Yourself Debt Settlement Manual

Our Free Do it Yourself Debt Settlement Manual has been placed together by expert debt arbitrators to help as many consumers as possible understand their rights and to help them save money when negotiating settlements on their unsecured credit card debt with creditors and collectors.
Our manual's only purpose is to educate and inform consumers about the process of negotiating their own unsecured debt while keeping their constitutional rights in mind.

 

Individuals using our basic debt negotiation techniques have received savings of hundreds if not thousands of dollars. The success ratio is very high when consumers have followed our debt negotiation guidelines.

Do it yourself debt settlement is basically the same idea as Debt Settlement, the only difference is that in do it yourself debt settlement the consumer negotiates all debt settlements him/herself. Debt settlement is a more aggressive approach and yields higher savings than other debt management programs such as debt consolidation.

By negotiating debts on their own, debtors are able to save hundreds of dollars in fees that would otherwise be paid to debt settlement companies or attorneys. This option also gives the debtor more control over the process, which is a motivational factor to successfully continue until the debt negotiation process is completed.

Debt Settlement F.A.Q.

Do it yourself debt settlement manual have a great F.A.Q section to introduce you in what you can do and what do not.

Sample Letters

Samples of documents used along debt settlement process as is Debt Validation Letter, Notification of lawsuit, letter to send to the Credit Bureaus and more.

Statute of Limitations

Statute of Limitations can be a powerful weapon in unburdening yourself of old debts, as creditors have a limited time in which to sue you.

Supplemental Website information

An excelent repository to pages with high quality information about debt settlement. You may want to see our resources section or get a free debt analysis.

Can a bankrupt reduce their mortgage rates

When you’ll file a chapter 13 bankruptcy, you’ll get enough of opportunity to repay your unsecured debts. Very soon you’ll be able to reduce a part of your mortgage under chapter 13 bankruptcy. It’s because, Fannie Mae and Freddie Mac have put up a proposal that the mortgage debt of homeowners should be reduced when a homeowner will file a bankruptcy. Now, the Federal Housing Finance Agency (FHFA) has made a review of the plan and had a meeting with all the mortgage financing companies to charge no interest for five years from a homeowner who owes more than the price of their home. Though White house has not yet considered this proposal, but FHFA has confirmed the proposal to assist the underwater homeowners. However, try to gain knowledge about the Mortgage Forgiveness Debt Relief Act of 2007 that will help you manage your mortgage payments. Do you have to pay tax on the reduced part of your mortgage? If you’re an underwater homeowner and are unable to repay your mortgage, then your lender will forgive a part of your debt. The forgiven part will be considered as your income and you had to pay a tax on that amount to the IRS (Internal Revenue Service) of your state. The lender will report that cancelled debt to you and your IRS on a form 1099-C. For example, if you have borrowed $12,000 and have been able to pay only $3,000 then the lender will cancel your remaining debt that is $9,000 which will be considered taxable income for you. But under the Mortgage Forgiveness Debt Relief Act of 2007 you’ll be able to exclude some part of your cancelled debt on your home from your income. Is a Mortgage Forgiveness Debt Relief Act of 2007 applicable to all forgiven or cancelled debts? This act is not at all applicable for the any type of debts. You can take advantage of this act only if a part of the mortgage of your principal home is cancelled or forgiven. Apart from that, this act will come into effect only if you have kept your home as collateral to take out the loan. This is termed as qualified principal residence indebtedness. You can consider up to $2 million as principal residence indebtedness. Lastly, if a part of your forgiven debt doesn’t qualify for getting excluded from the income under principal residence indebtedness than you can go for insolvency exclusion. Here you don’t have to include your forgiven debt in your income. You’ll be considered as insolvent when your total liability will exceed your total assets. If your debt is discharged through chapter 11 bankruptcy proceedings, then your forgiven debt may qualify for the exclusion.

Free Debt Analysis

Fill out our simple application form to see if you qualify to receive a FREE, confidential consultation from an understanding debt counselor.

(required)

(required)

(required)

(required)

(required)

(required)