Red Bishop only work with debts without collateral attached to them, also known as unsecured debts. Unsecured debts includes everything from credit cards to store cards and medical bills. Debts with collateral attached –like mortgages, car loans, or federal student loans– are not eligible for debt resolution. Get in touch with us if you need to clarify which of your debts are eligible.
You can certainly negotiate your own debts; however, most people tend to let the experts do what they do best. Debt settlement can be extremely time consuming, emotional, and stressful. Especially, if you’re being hunted down by aggressive collection agencies. Most people tend to leave these duties to an experienced team who maintain relationships with numerous consumer-lending institutions and collection agencies.
The truth is, we work with them every day, and you don’t. In addition, our arbitrators have extensive knowledge in Federal & State consumer laws and exercise the Fair Credit Reporting Act, Fair Credit Billing Act, and the Fair Debt Collection Practices Act to help settle your debts. Our team is experienced in qualifying clients to get out of debt quickly, with customized plans to help them save money in the process.
Honestly, this depends on many variables including your total debt balance and debt relief plan details, to name a couple. When it comes to time, your current financial state can play a big role. For instance, some clients can afford to pay more than the minimum payment on a monthly basis and therefore finish the program sooner. If you’re serious about getting out of debt, you will focus on putting as much money as possible towards your program. Our goal is to get you out of debt as quickly as possible, but we also understand you have other financial responsibilities like feeding your family. Contact us for your free debt relief consultation and we will provide you everything you need to know about your specific situation.
Our objective is to help you get out of debt as soon as possible by negotiating with your creditors to get them to accept significantly less than face value on your unsecured debts. Depending on the condition of your credit report at the time of enrollment, any debt settlement or debt negotiation program, including ours, could negatively affect your credit. Negative information could remain on your credit report for up to seven years. By engaging in good credit behavior, anyone’s credit score could recover over time. Results vary depending on your payment history, credit utilization, length of credit history, and debt-to-income ratio.
If getting out of debt is more important to you than the likelihood that your score will be negatively impacted, our program could help you resolve your debt faster and for less without declaring bankruptcy.
No, you do not need to be behind in payments in order to put the plan together. Many people realize they are experiencing a legitimate financial hardship like high medical costs, before their credit situation has deteriorated to the point where they have become delinquent on their accounts. Our program works with debtors in all stages of payments and collections; however, once you are behind creditors typically become more willing to negotiate better settlements in some situations.