Debt Service & Government Assistance
Information Portal
American Debt Association is an established, Nationally recognized organization in partnership with the American Credit Association and the US Debt Bureau. Our fundamental purpose is to help educate people who seek a financial solution to their overwhelming debt amounts. Our educational efforts and publications reach thousands of individuals and families each year.
Debt services and information provided by American Debt Association offer a safe, effective alternative to bankruptcy. Various programs within the financial sector direct their services towards reducing clients unsecured debts and providing immediate relief of un-payable monthly bills. For more information Inquire Online or Contact Us Today.
We understand the hardships that financial stress can bring, which is why we balance our relationship with key companies and Law Firms in the financial sector that effectively reduce high interest rates and lower monthly payments, therefore relieving you of overwhelming debt amounts.
Debt Services
American debt services include, but are not limited to:
Debt consolidation, debt consolidation companies combine and reschedule their clients payments. Debt consolidation is considered a safe alternative to bankruptcy and can help American's become debt free.
Debt settlement, clients accumulate funds in a debt settlement program, once the funds reach 40% of what is owed debt settlement companies start negotiating with with your creditors.
Debt negotiation, debt negotiation is similar to debt settlement, debt settlement is the act of debt negotiation. Debt negotiation is achieved through a mutually accepted settlement agreement between the creditor and the debt negotiation firm or company.
Consolidation loans, consolidation loans are generally available to people with excellent credit ratings, or individuals who choose to risk their home as collateral. Consolidation loans come in many forms, the most common being home equity loans, home equity lines of credit, "cash out" home refinancing, student loan consolidation programs, and personal loans through financial institutions.
Consumer credit counseling services, most credit counseling services are considered non-profit because the bulk of their profit comes from creditors rather than the individual enrolling into their debt management program. Please note that just because a credit counseling service renders the phrase non-profit does not mean their cost of service is free, however enrollment charges are considerably low and meant for services not for profit.
Request Information
Our Instant Information Portal is designed to connect you with a reputable, established Debt Arbitration Corporation, or Law Firm. Many individuals find this a valuable tool to utilize while seeking a viable solution to their specific debt situation.
Our partners debt arbitration strategies have helped many Americans in need of debt relief. If you're ready to put an end to debt related problems, and want to avoid the negative effects of bankruptcy, call to speak with a professional Debt Negotiation Attorney or inquire online.
Tracking Down, or Reporting a Debt Relief Scam
Although there is far more good debt settlement companies then bad - there are, and always will be bad apples. However, this article will help you not only avoid, and expose - but track down debt relief scam artist and hopefully take legal action both federally, and / or through your states attorney. (free of charge) no need to hire an attorney, and incur more debt. (in the event you're in the aforementioned scenario).
All debt settlement companies require ACH transfers from the clients account towards A. Their Settlement Funds, and B. The companies service charge. Therefore, finding the debt relief scam company would start by simply contacting your financial institution / bank / credit union to find out which financial institution is unknowingly letting this scam company conduct illegitimate business. Once you've located their financial institutions information call and find out the specifics of their company. Such as, the business owner(s) name(s), the state in which they operate, Their DBA - business name. Let their bank, and your bank know the specific details regarding your complaints.
Do: Notify both your bank and their bank outlining each complaint. Find out the companies information / business owners information through their bank.
Don't: Call every similar named website looking for the company you are unhappy with, this could lead to lost / wasted time and patience.
After You've Established the Debt Settlement Scam Companies State, DBA - Business Name, and Owner(s) personal Information.
Do: Report your complaints to their states attorney (the state they reside, or conduct business in) and to their states department of agriculture, as well as the federal trade commission. Additionally, call the BBB Better Business Bureau, and report any complaints. Although the BBB plays no role in legally shutting down, or prosecuting scam artist at least they will have a horrible rating to prevent others from being scammed.
Caution Alerts: Did you know an attorney must represent your credit card accounts / debts in designated states, therefore if your debt settlement company hasn't established an attorney network for these particular states then they are illegally conducting debt settlement, and are subject to closure.
