| Frequently Asked Questions: |
| Q: How does payday loan settlement work? |
| A: Payday loan settlement is about breaking the payday loan cycle and giving you you're your financial freedom. The first thing you'll notice is that your phone calls will be answered by a PDL Assistance, Inc financial specialist whose main job is to answer your questions and help you get rid of your payday loan problems. Once we receive your initial start up payment, we will counsel you on the payday loan settlement process that help you pay off your payday loan debts at a fraction of the actual balance. While you save we help you keep the payday loan companies at bay and work out favorable settlements with your creditors. |
| Q: How does this affect my credit? |
| A: Affect on your traditional credit score will be minimal. Contact one of our PDL Assistance, Inc representatives for more information. |
Q: Are there any guarantees? |
| A: A company like ourselves cannot guarantee any particular outcome in a case. However, we can and do promise to use our best efforts and experience to employ all of our skills and knowledge, to obtain the best possible settlements of your debts. We will act ethically at all times. We will remain in constant communication with you. And we will never lose sight of our obligation to zealously defend your interests as we go through this process together. |
| Q: How much can I expect to save in your program? |
A: We estimate that you will save half of your current payday loan debt amount to settle all of your loan accounts. The amount is based on past experience with hundreds of lenders. We will set up your savings plan to ensure that you reach this level within one year of starting your program.
Please note that every situation is different and past performance is no guarantee of future success. Some lenders will settle for far less than 50%, while others require more to resolve their accounts.
|
Q: Why haven't I heard about this before? |
| A: Unfortunately, most debt settlement companies see too little profit in payday loans to include these in their programs. Others simply do not understand the product well enough to effectively negotiate with the lenders. PDL Assistance, Inc' has years of Industry experience in debt eliminations and will put this knowledge to work for you. |
Q: Will I be totally debt free when I am done? |
| A: Bankruptcy once seemed quick and simple, but with recent changes in Bankruptcy laws, many consumers will not be able to eliminate their debt simply by filing. Most consumers are now required to file plans which require them to pay back a portion of their debt under the supervision of the court. This process may last for years. Bankruptcy should be considered the last remaining option in solving financial problems. Many people file for bankruptcy each year failing to realize they will be forced to deal with the harsh effects that will plague them for the rest of their lives. One must first be aware that bankruptcy does not fade away after 7-10 years. It simply drops from your credit report. The reality is almost all credit applications ask if you have ever filed bankruptcy, and to answer falsely may be illegal, depending on the type of application. Also, costly court and lawyer fees all accompany the process of filing for bankruptcy. |
Q: How do I qualify for your program? |
|
A: Do you have more payday loan debt than you can handle? Would you like professional help to break free of these loans? If the answers are “Yes” then chances are you are already qualified. |
Q: Can I cancel the program if I change my mind? |
| A: Our Program is 100% voluntary. You can contact us at any time and ask to terminate your program. If this happens, you will not owe any more fees to PDL Assistance, Inc. However you will become responsible for trying to rid yourself of these loans. |
|
Let us help you start down the road to financial freedom today!
|
| |
 |