7 Tips on How to Begin Your Debt Resolution Program the Right Way

Written By Naazma Garcia
May 13, 2022


Beginning a debt resolution program can fill us with both hope and anxiety. You have finally taken the first step toward slashing interest payments and calls from collectors out of your life, but you may be worried about making a mistake and ending up in a worse situation. The following 7 tips will ensure that your debt resolution journey is as effortless and successful as possible.

1. Be Wary of Calls from Unknown Numbers

One of the greatest sources of anxiety for debtors is constantly receiving calls from creditors. Debt relief companies should take over communication with creditors, but that doesn’t mean that some of them won’t try to contact you. Once you begin your debt resolution program, it’s recommended that you block the phone numbers of debt collectors, allow unknown numbers to go to voicemail, and alert your debt relief partner that your creditors are still trying to reach you.

2. Communicate with Your Debt Relief Partner

It’s important that you keep in touch with your debt relief partner throughout your debt resolution journey. Their success is based on your success, so don’t be afraid to explain your situation truthfully. They come from a place of experience and expertise and will give you advice. If the debt relief company you choose has an app or online dashboard, check it frequently for updates.

3. Get On Top of Your Deposit Schedule

After choosing a trusted debt relief company, paying your monthly deposits on time is perhaps the most important factor in resolving your debt and moving toward financial freedom. If there is an emergency and you know you will be unable to make a payment, call your debt relief specialist and determine a solution. In contrast, if you are hit by a stroke of luck and come into some unforeseen money, put it towards your deposit to accelerate the process. You can celebrate when you are debt free.

4. Turn Off Automatic Payments to Creditors

It’s typical to set automatic payments to avoid late fees. However, once you begin your debt resolution journey, you should turn them off. If you can’t cancel online, you may have to call your creditors, in which case they may resist. In that case, contact your debt relief specialist, or place a stop payment order through your bank.

5. Pause Payments to Creditors

Payments that would have gone to paying your creditors should be redirected to your monthly deposit. Therefore, it’s important to pause any payments of your enrolled debts. Remember, your debt relief specialist is negotiating a better deal on your behalf, and your creditors will still get paid in the end.

6. Stop Making Purchases with Enrolled Credit Cards

Do not be tempted by rewards programs, airline miles, and discounts. The last thing you want to do when resolving your debt is to put yourself further into debt. This may seem obvious, but paying with credit is a hard habit for some to break. Accumulating a few airline miles or working toward an introductory reward of a couple hundred dollars is nothing compared to finally becoming debt free.

7. Choose a Trusted Debt Relief Company

The final and most important tip is to choose a trusted debt relief company. You want to work with professionals that understand how to negotiate a great deal for you and act as an intermediary between you and your creditors. Americor is one such trusted consumer credit and debt relief solution company. Contact a certified debt consultant today to receive a free debt analysis. 

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Americor provides debt solutions to thousands individuals and families all over the country. We’re a next-generation debt relief company with a proprietary platform designed to help clients get out of debt quickly. Together we’ll develop a strategy for you to enjoy a debt free lifestyle. Learn more about how Americor can help relieve the burdens of debt today.

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Address:
18200 Von Karman Ave, 6th Floor Irvine, CA 92612
New Clients:
[email protected]
Existing clients:
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Phone:
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We provide debt resolution services. Our clients who make all monthly program payments save approximately 40 – 50% of their enrolled debt (average of 43%) upon successful program completion, before program fees. Fees are based on a percentage of your enrolled debt at the time of starting the program and range from 15%-25% of your enrolled debt. Programs range from 20-48 months. Clients must save at least 25% of each debt due to an enrolled creditor before a bona fide settlement offer will be made. On average, clients receive their first settlement within 4-7 months of enrollment and approximately every 3-6 months thereafter from when the prior debt was settled. Not all Clients complete the program. Estimates are based on prior results and may not match your results. We cannot guarantee that your debts will be resolved for a specific amount or percentage or within a specific timeframe. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Our program is not available in all states; fees may vary by state. Some programs may be offered through The Law Firm of Higbee & Associates d/b/a Advantage Law. The use of debt resolution services will likely adversely affect your credit. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding debt may increase from the accrual of fees and interest. Any amount of debt forgiven by your creditors may be subject to income tax. Clients may withdraw from the program at any time without penalty and receive all funds from their dedicated account, other than funds earned by the company or fees paid to third-party service providers, as may be applicable. Read and understand all program materials prior to enrolling. Certain types of debts are not eligible for enrollment. Some creditors are not eligible for enrollment because they do not negotiate with debt relief companies. To determine the offers you may be eligible for, Americor conducts a “soft credit pull.” This credit pull does not impact your credit score, creditworthiness, or ability to obtain credit from other sources. The soft pull is not a tradeline entry, it does not report against your score and will only take a few minutes.

Americor Funding, LLC (18200 Von Karman Ave, 6th Floor Irvine, CA 92612) is fully accredited by the Better Business Bureau (BBB), the American Fair Credit Council (AFCC), and the International Association of Professional Debt Arbitrators (IAPDA). CA Department of Financial Protection and Innovation (DFPI) License # 603K913.

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