The Debt Settlement Process | Consumer Debt Group

Consumer Debt Group Debt Settlement Service

Consumer Debt Group




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	Consumer Debt Group of California's Debt Settlement Process

	Consumer Debt Group of California (CDRG) is so successful because our Senior Debt Analysts are highly trained debt negotiators or tax arbitrators who carefully tailor a debt negotiation action plan for each and every client. Remember, our goal is to settle your debts while keeping you away from debt consolidation companies and the bankruptcy court. Our expertise alone will not guarantee your success. Your success also depends on a total commitment on your part. You must work with us to form a partnership to settle your debt. We have helped hundreds of clients out of financial distress. The following provides an outline of the simple steps necessary to follow our program and become debt free.

	1. Call our office toll free at 1(800) 340-7594 Monday through Friday 8:00 am until 6:00 pm PST for a free thirty-minute consultation with one of our Debt Settlement specialists. We will determine if our program is appropriate for you, and if you qualify. You will need to complete some basic documentation to get approved.



	2. If we determine that we can tailor a debt settlement plan for you will be approved for our program, and we will go to work on your case immediately. We will contact your creditors and inform them that you have retained us to represent you. Your creditors will be directed to cease all communication with you and direct all future communications to our office. This will remove the stress associated with your problem debt while we are arbitrating on your behalf.

	3. If you continue to receive calls from the creditors we contacted you should direct them to your debt settlement specialist. We will provide you with a Creditor Correspondence Journal to record these calls and then forward to our offices. This log allows us to track creditor correspondence and assists us with your arbitration. We will take the necessary steps to insure that unwanted harassing creditor calls are abated.

	4. Consumer Debt Group of California will work with you to determine a monthly amount of debt settlement funds that is comfortable for you to save for debt settlement purposes. These funds must be set aside every month to settle with your creditors. You do not send your funds to CDRG, which is the case with debt consolidation programs.

	5. Our debt settlement specialists will start negotiations with all your creditors to obtain a settlement. Our average settlements range from 35% to 60% of the total debt. All settlements are based on the funds you have available and presume that you have set aside 40%-50% of any debt. We will provide you with "Settlement Initiation Forms" authorizing us to finalize the settlement process with your creditors.

	6. A copy of the debt settlement letter from the creditor is sent to you for your approval. You must be satisfied with the settlement offer and approve of the terms. You will then disburse funds from your debt settlement account and mail the final settlement payment