OUR PROGRAM
Your information will always remain confidential.
Debt consolidation is for you if you are looking for a real and sustained solution.
It is a responsible, honorable and effective way to solve your current situation and
can assist you in becoming credit worthy. It is not for those looking for a quick fix.
We will provide you with a positive and solution-oriented approach to your unique
financial situation.
Fill out the short information application. An advisor will contact and give you the
information that the creditors require in order to qualify.
If you have been directed to this site chances are you are searching
for a way to gain more control over your current debt situation or wanting
to find a way to eliminate your debt all together. DMCC has two program
options to assist you in gaining control and finding a way out of debt.
We can also assist our clients with bankruptcy as a last resort.
Did you know that if you have $15,000 in unsecured debt at an interest
rate of 18%, are making minimum payments and you....
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Do Nothing: It will take you 192 months (16 years) and you
will have paid approximately $67,200 before you are out of debt.
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Choose Debt Consolidation: You can expect to be out of debt in
approximately 64 months with a payment of approximately $345
(includes monthly processing fees) for a total of $22,080.
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Choose Debt Settlement: On average, you will end up paying
approximately $9,750 to settle the debt.
Important:
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Recent Large Credit Card Purchases or Credit Card Cash
Advances may not be able to be settled or consolidated.
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DMCC does not perform credit checks and does not report to any credit agencies.
Debt Consolidation (Counseling)
If you have $15,000 in unsecured debt at an interest rate of 18%,
are making minimum payments, you can expect to be out of debt in approximately 64 months with a payment of
approximately $345 (includes monthly processing fees) for a total of $22,080.
Advantages:
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Some creditors will reduce or eliminate interest rates. Reduction in
interest rates depend on individual creditor policies and your charging and
payment history. The average interest rates you can expect will be between 8-10%.
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All of your payment dates are adjusted to one date in the month so that you
make one payment/month. Your monthly payment is determined by the specific
group of creditors you include in the program. Average payment works out to
approximately 2.2% of you debt. Most of the time this can be lower than your
current minimum requirements, however, it can be more.
Disadvantages:
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Monthly payment is fixed by the creditors and it is your responsibility
to make your monthly payments every month. If you miss payments you will be
disqualified from the program and the creditors will set your interest
rates back to the higher rates and may add fees. In addition,
you may not be eligible for consolidation benefits for 5 years.
How to Qualify:
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Provide your DMCC agent with a list creditors.
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DMCC agent will provide you with the required monthly payment.
If you can handle the monthly payment then....
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DMCC agent will send you the required paperwork.
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Fill out paperwork.
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Make timely, consecutive monthly program payments
and continue to make your monthly payments. You will continue to
receive statements from your creditors which will reflect your adjusted
interest rates and payments.
APPLY NOW
Debt Settlement (Negotiation)
If you have $15,000 in unsecured debt at an interest rate of 18%,
are making minimum payments, on average, you will end up paying approximately $9,750 to settle the debt.
Advantages:
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You can expect to pay approximately 65% of what you owe when all is said and done.
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Your monthly payment is flexible. You will be given three monthly payment options.
Your program monthly payments will go into the Attorney's Trust Account and
will serve as an important tool for negotiating your debts.
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You are assigned to a DMCC Settlement Representative who will insure you have the
tools to ward off creditor contact during the negotiation process.
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You will be provided with a secured on line account where you
can view your Trust Account balance and Settlement Offers.
You will have the ability to Accept or Decline the Settlement
Offers that are generated.
Disadvantages:
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While you will get out of debt you may, in the short term,
experience aggressive collection practices and negative postings
from your creditors. DMCC has tools to assist you in dealing with this.
How to Qualify:
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Provide your DMCC agent with a list of creditors.
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DMCC agent will provide you with three monthly payment options.
Choose the monthly payment that fits your budget.
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Provide DMCC agent with budget information and hardship reason.
Your hardship reason is
important as many creditors will inquire why you are seeking debt relief.
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DMCC agent will send you the required paperwork.
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Fill out paperwork.
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Make monthly program payments. You will be contacted by
your Settlement Representative as Settlement Offers are generated.
APPLY NOW