An Overview of the Debt Process
Enrolling You in Our Debt Settlement Service:
One of our debt settlement experts will ask questions about your unsecured debts, other monthly expenses and your income and fill out a form in order to determine if a debt settlement program is right for you! Once we are able to accept you in our program we will send you out a contract for you to review and sign.
ORGANIZE YOUR DOCUMENTS:
 A properly documented debt application makes your process go smoothly. This checklist will help you gather your paperwork.
For accounts that you have trouble with debt and want creditor relief, you will want to gather all documents. This will involve all monthly statements that reflect the current balances, account numbers and all information about the debts you want to get settled.
GET QUALIFIED FOR OUR PROGRAM:
 Getting qualified is easy. You will need to send us your most recent statements from your credit card companies and other unsecured bills that you want to include in the program. (We recommend all unsecured accounts to be enrolled into our program) Once we receive these documents, we will send you out our contract and disclosure statement for you to review and sign. Once we receive back from you our signed and completed contract, and disclosure statement we will begin contacting your creditors to notify them of your enrollment in our program and all further communications should be redirected to our office. This should stop the harassing phone calls from your creditors. Apart from a few exceptions, all disputed accounts are closed and you are encouraged to avoid using credit while on the program.These will be the basic steps to start getting out of debt.
THE NEGOTIATION PROCESS:
Negotiating debt settlements with your creditors. Once you have enough money accumulated and saved; your current amounts of unsecured debt will be negotiated with your creditors. Essentially you will end up reducing your total debt up to 50% or more. Our estimate is based almost entirely on who the credit card company is. Each creditor in most cases has a different internal policy regarding debt settlement, so each one typically accepts settlements within a certain range during a specific period in the collections process. Reaching a settlement usually takes several phone calls and communications. Debt settlement is a lot about timing and planning to reduce credit card debt. It really comes down to having the right amount of money at the right time in order to obtain an ideal settlement to get the best debt resolution. As any program enter into, you must stay with and complete the entire program in order to fully receive all benefits. Remember JAM Out of Debt, inc is working for you and not your creditor to be free from debt!!
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Eliminating your debt forever. As soon as a settlement has been reached and agreed by you, we will secure the settlement offer in writing from the creditor. Then the creditor will be paid with the funds you have saved until the creditor receives the payment in full. This is where we make sure that your new paid off debts are free and clear. Your creditor will report to the credit bureaus that there is now a zero balance and that your account is paid. You will also receive a letter from your creditor stating that no further money is owed. This will be the first solution in eliminating your debt problems to reducing debt and becoming debt free. We will continue to negotiate all of your debts until you have eliminated all of your debt in the program. Then, with all the stress and worries behind you, you can start to rebuild your credit worthiness and be on the road to a healthy financial life again and help get rid of creditors for good. So this will be the best debt free help you ever received. We truly are the best consumer debt help organization to no more debt!!
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Important: This document is intended to provide just a brief overview of what this program will do for you. This document is not intended and should not be construed as constituting any type of expressed and or implied warranty or contractual representation.
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