Questions to Ask

Questions to ask Yourself

Debt Settlement is a viable option to help you alleviate your debt. However, if you choose the wrong company, you may find yourself in worse shape than you were before. It is critically important that you choose the right company. Like any other industry, there are good companies and there are bad companies.

Here are some questions designed to assist you in making the right decision regarding which debt settlement company to choose. If you don’t know what to look for it’s easy to get ripped off.

Salespeople may leave out vital information if they are paid by commission. If they say yes – Red Flag!

Clarity First Capital representatives are not paid by commission. They are paid to give you honest answers and solutions to your debt situation.

Don’t accept anything less than a full 30 days. Anything less – Red Flag!

Clarity First Capital provides a full 30 day money back guarantee if you are not happy with our service for any reason.

It is not possible to stop all creditor calls. If they say they can – Red Flag!

Clarity First Capital will take every action possible to reduce creditor calls but can not guarantee to eliminate all calls.

Settlement companies do not make monthly payments to your creditors. If they claim to do so or if they give you the impression that they do – Red Flag!

Creditors are not paid until after a mutually agreeable settlement is negotiated and approved.

The answer to this question is yes; it is a possibility. If they say anything other then that – Red Flag!

Clarity First Capital will continue to negotiate a settlement even if a lawsuit is filed.

The answer to this question is yes. All debt settlement programs will have a negative impact on your credit report. If they say anything other than that – Red Flag!

Your number one concern should be to alleviate your debt. Clarity First Capitals’ number one goal is for you to become debt free as quickly and inexpensively as possible.

Your first settlement typically will be made well within the first 12 months of your program depending on the size of the debt and your ability to save. Any longer than 12 months – Red Flag!

Many Clarity First Capital clients begin seeing settlement offers in as little as 90 to 180 days, and sometimes sooner.

Debt Settlement is not an exact science, and there are too many variables to quote exact time frames and figures. Many companies will tell you anything to get you in the door. Any attempt to provide exact information would be a – Red Flag!

Clarity First Capital provides estimates only of time frames and costs. These estimates are based on current company averages..

The answer is yes. The debt amount forgiven may be a taxable event. This should be explained. If not – Red Flag!

A savings of over $600 may or may not be taxable depending on your individual and unique situation.

Your funds should be held at a third party escrow company in an FDIC insured trust account. If the company tells you to save your own money or to send the funds to them – Red Flag!

Clarity First Capital recommends the escrow services provided by Global Client Solutions. Your funds are held in an FDIC insured trust account in your name which you have access to at all times. Remember, it’s your money.