For someone with a $10,000 debt at an 18% interest rate, it would take nearly 58 years to pay this off, assuming that person sticks to the minimum payment each month. According to Bankrate.com's credit card calculator, at www.bankrate.com the total interest paid during that time would be $28,931 plus the $10,000 actual debt.
DRS Debt Settlement Works!
" My experience with DRS has been very smooth and easy.They took my information. We exchanged a number of calls. They answered all of my questions. Within a short time my debt was settled. A great company."
– Mary Ojai, CA
"I would like to take a moment to thank you and all your associates for helping me gain my financial freedom. As a recently divorced, single mother with two children, working full time while attending college the heavy burden of paying off the debt accrued jointly unexpectedly fell on my shoulders. While struggling to decide between buying groceries to feed my children or answer collection calls, I felt like I was in a losing battle with no end in sight.
Within one year of starting the program with DRS, I was able to settle my debt which reached over $10,000 in debt owed. I was able to have a much lower monthly charge to enroll in the program (versus meeting multiple minimum credit card balances), and in return the collection calls stopped immediately, harassing correspondence ended, and I was able to settle all of my accounts for cents on the dollar because of the excellent negations on my behalf from Debt Remedy Solutions Associates.
Thank you DRS for helping me regain my financial independence and giving me the ability to start rebuilding my credit so I can buy a home down the road.
– Tracey Denver, Colorado"
"To anyone who is dealing with debt. DRS has been a blessing in disguise. My family has a life back. By getting beyond that dark cloud of bills, I was finally able to start my own business. Thank you DRS, for giving us freedom to use our funds for ourselves instead of only bills. "
– Rebecca Columbus, Texas
"My name is Christina, and we financially were sinking in debt. We thought that we could handle it ourselves but my husband had switched jobs with a lower pay and we have three children. We didn't want to file bankruptcy and ruin what we credit we did have and we came across the DRS program while researching our options. We started with about $16,000 in debt and we saved a little over $10,000 with this program.
We were a little hesitant at first because the last thing we needed was for someone to take what little bit of money we had and still leave us with our debt, but that wasn’t the case with DRS. I am very impressed with the representatives that we talked to on the phone. When we first started the program my husband and I kept Mike Angelis on the phone for over an hour and he was very descriptive, very informative and answered every little question that we could think of without getting impatient and short with us. We want to thank Nathan Preslar also for being patient with our questions and making sure we were fully informed. He gave us the option to skip a monthly payment and add it to the end of our monthly fees to pay one of our debtors off sooner. We are also great full to Bryan Dilgard in the settlement department because he kept us informed every step of the way through phone and email while he negotiated with our creditors and worked really hard for us. We are grateful for the compassion shown by the above mentioned. We had representatives call us once a month to get an update and check to see that we were doing our part. We were able to complete our program in seven months with our determination. It is not Debt Remedy’s place to make you save and do your part, so you have to be committed to completing this program.
We kept focus and put everything we could towards this program. This program has helped us pay our debts, while we control the money. We were able to put money into an account and see what we have accumulated and tell DRS when we had enough money to settle with a debtor. We had control the whole time.
I don’t believe we could have accomplished bettering ourselves without DRS. We are breathing easier since we have finished this program. I believe that the fee was excellent in exchange for late fees, over the limit fees, and high interest rates we would be paying struggling to do these ourselves. I would recommend this program to anyone, and I will back this up!! We thank you from us and our children!!"
– Christina Pocola, OK
"My name is Rebecca. I am a 30 year old, single, professional female. In 2008, I realized my debt situation was out of control and only getting worse. I managed to maintain a good credit score up to that point, but making the monthly payments was becoming impossible. I had three credit cards. Two had reached their maximum credit limit and the third was on its way. One credit card company even decreased my credit limit due to the amount of money I was charging and being unable to pay. I ended up being approximately $33,000 in debt. I did not get into this kind of debt overnight. I was approved for my first credit card as a freshman in college and had been carrying credit card debt ever since. First, the card was to be for emergencies only. Over time I put more and more on my credit cards, even daily expenses such as food. I even started a second job with the intention of using that income solely to pay my credit card debt, but it wasn’t enough. In researching my options, debt settlement appealed to me most. I knew it would damage my credit score for a period of time due to missed payments, but I was hopeful I could rebuild that after I was free from this huge amount that I owed.
My parents had signed up for the debt settlement program with DRS a couple of months before I did. I was nervous about doing it and initially concerned about the damage it would cause to my credit. I then realized I would not be able to fix this situation any other way. I could not do it on my own. I had to put my pride aside and make the first phone call. I remember speaking to my credit counselor Alan Smith for more than an hour during that initial phone call. He was very considerate and did not make me feel less than human for getting myself in this situation. He showed a strong concern for my well-being and encouraged me to stick with the process no matter how difficult it got. He walked me through the process of signing the contract and explained the process DRS would use with the cease and desist letter. This is probably what made me feel the most at ease because I knew the collections calls would stop. Debt Remedy Solutions does require a monthly fee in order to help and there were times I would have loved to have that money in my pocket, but I knew I would appreciate all they were doing for me when my settlements were over.
My debt settlement process is nearly over. Debt Remedy Solutions has worked out a settlement arrangement on my third and final account. Debt Remedy Solutions has helped me settle my debts for less than half of the amount I owed. I will be debt free in the very near future. I could not have accomplished this without the help of Debt Remedy Solutions. I would still be drowning in debt and continually harassed by debt collectors. I’m sure I would have been paying on my credit cards for the rest of my life were it not for this debt settlement program. In my debt free life, I plan to continue to live debt free. No more credit cards for me. If I can’t pay cash for it, I will not buy it or I will save for it. Having paid off my debt will give me a better quality of life in general. No more worries about not being able to pay down my balances. This huge amount of money will no longer be hanging over my head. The money I have saved and will save each month will allow me to enjoy my life."
– Rebecca M. Indianapolis, IN
"My name is Linda. My financial downturn started with a layoff from a company I worked with for over 18 years and then another subsequent layoff 2 years later. It took me 6 months to find employment, making less than half my original income. My personal beliefs would not allow me to file for bankruptcy and therefore I worked on cutting all my expenses as much as possible and made a decision to go with a debt settlement company as a suggestion from a friend. I did not find the need for debt counseling as I felt budgeting my money and making plans for repayment was easy enough to do on my own.
The representative from Debt Remedy Solutions explained the process thoroughly and provided me with a spreadsheet that outlined my fees to them and the amount of money I would need to set aside each month to reach my repayment goal. One aspect of DRS that I liked was that the money I was putting aside for my repayment was to be put into my own bank account; another company I spoke to advised me that they held my money in escrow for me. This was ludicrous! Why would I allow someone else to make interest on the money I was saving and what would happen to my money if the company went out of business? This was a very big reason why I went with DRS. Also, my fax requests and phone calls were responded to in a prompt manner, their representatives were pleasant and helpful and my questions answered clearly.
I feel the fees charged by DRS were well worth it. They dealt with the negotiations and saved me, after their fees, at the time of settlement, $7,445.63. I don’t feel I could have done this on my own and am glad I left it to the professionals.
Needless to say, having this debt settled is a huge weight off of my shoulders and no longer having to deal with the stress of debt, I can now sleep at night."
– Linda
"I let my debt get the best of me. Seems like the more I tried the more in debt that I got. I hand more money going out than I had coming in. I know I had to do something. I was looking for help on the internet and found Debt Remedy. After a personal conversation I know that I could trust them.
Debt Remedy explained that there would be a charge for their help. Explained there would be a third party involved which would be negotiating on my behalf. I wanted to be sure that my creditors got paid. In the end I felt so much better and relieved. It took awhile but we did it.
I have been able to save $1,000.00 dollars. I have been able to go to the store and buy food that I need to help me with my diabetes. Also able to buy clothes and needed items. I could not have done this without Debt Remedies help. I have been a lot (less) stressed and my depression has improves tremendously."
– Betty L. Harriman, TN