Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Call (Toll Free)
(800)-601-1579
Community Area
Get FREE Counseling




*


Helpful Resources
Community
Popular Discussions
Creditmagic Twitter
Credit on Facebook

We Could Not Consolidate Mary In TX, Here’s Why.

Post reply  Start a topic
Author Message
Options
Print this topic
Invite a friend
Email this topic
  Bookmark online
Add to del.icio.us
Add to YahooMyWeb
 
FreedomDM

FreedomDM

Joined: 28 Oct 2009
FreedomDM's page
Posts: 105
Location: Florida


2331 Magic Points

Subject: We Could Not Consolidate Mary In TX, Here’s Why.
 
Posted on Fri Nov 06, 2009 1:13 am  

I had to tell Mary today that we could not enroll her, simply because there was no benefit in her case. Mary came to me with 2 Chase accounts and a Citi account. She had been in a program before and defaulted due to unemployment. She again attempted while she was getting on her feet and eventually stopped making payments because she wasn’t making enough money. After establishing stable employment Mary attempted a consolidation program again and came across our company searching online.

I had to first advise Mary that Chase would not allow her to consolidate the 2 accounts again. Chase has a stipulation that states if you default in a debt management program twice in one year you cannot attempt another management program with the same account for 5 years…OUCH right?! Please note; this stipulation is few and far as most creditors do not have such guidelines for debt consolidation.

Now we’re down to one account. So Mary has a Citi with a balance of about $2500 and an interest rate of 14.49%., monthly finances charges averaging $28.69 as she read to me off her statement. I advised Mary that Citi goes to 9.9% fixed in our program for our clients who enroll and maintain consecutive payments. I explained to Mary that she would also have a $10 service fee with us to manage the account. (that’s really the lowest we can go even with one account.) I further advised that we would waive our enrollment fee as well which is usually $65 flat. We waive this enrollment fee for clients who are also in a financial hardship after a budget counseling session has been provided.

So Mary’s currently at $2500 at 14.49% interest that equals $28.69 in finance charges.
With us, $2500 at 9.9% fixed = $20.63 in finance charges each month.
Mary saves $8.69 by enrolling our program monthly…except for our service fee of $10.00

I advised Mary that by enrolling she would have more of her monthly payment going to her balance over creditor fees but she would be spending an extra $1.94 a month because of our $10 monthly service fee. Sadly, I advised Mary I didn’t see much benefit to her enrolling the account in our program.

She kindly thanked me and I asked that if she knew anyone else who may benefit from our services to please refer them.

We don’t enroll people just to enroll. We enroll clients who can see benefit from our program and real savings before committing. I wrapped up this call earlier today and thought it would be a great post to show a little math, some specific individual creditor guidelines for consolidation, and a fine example of how we help educate people and truly weigh out all the factors before signing anyone up.
_________________
Michael J Brazier
Performance Based Debt Relief
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3931



623 Magic Points

 
Posted on Fri Nov 06, 2009 2:18 am  

I think it is awesome that you would not taking on a client just for the sake of making money or having clientelle, thank you for sharing this story. I guess it shows that not every one can benefit from a program, again thanks for sharing.
upsidedown
Guest






Subject: how come?
 
Posted on Wed Jan 06, 2010 8:55 pm  

when i went into debt management (of which i am almost paid off), why couldnt they incorporate my student loans (private lenders, non-governmental) into my plan?
FreedomDM

FreedomDM

Joined: 28 Oct 2009
FreedomDM's page
Posts: 105
Location: Florida


2331 Magic Points

 
Posted on Wed Jan 06, 2010 11:45 pm  

Student loans simply will not negotiate with third party agencies for a reduction in payment or fees. They've been that way for some time now and Ive been in this for about 8 years.

We dont really understand it either Sad

We refer clients to NelNet.com who seem to be able to set up a 12mo deferment for student loans.
_________________
Michael J Brazier
Performance Based Debt Relief
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1883



1916 Magic Points

Subject: credit
 
Posted on Thu Jan 07, 2010 10:38 am  

I DO have to say, FREEDOM, I'm very impressed. First: you explained every option you could do for Mary. Second: you didn't enroll her JUST for the money (fee, etc.). Student loans can be a pain!!...that's for sure!! NelNet......what is it? I've never heard of them. I DO have a Student Loan I'm past due on, right now. It's not in 'default', however.........just seems like I've been paying on it 'FOREVER'. Any advice? Thanks.
Prestonskype
Guest






Subject: date in spanish
 
Posted on Fri Jun 05, 2020 4:29 pm  

nada would look when placed against

other 748 regular people mixed up during $17 million within order to online dating service frauds last year, the entire trigger alleged since pushed anyone producing use of applications or online businesses to research years to keep yourself informed.

The persons perhaps may be for the mostpart within their middle 40s to delayed 50s, utilizing each gender even as oftimes be taken in created by fraudulence, referred Sgt. guy holly Larocque. a small amount of was ripped off out much more than $100,000, it most likely was quoted asserting. "most of us have removed for completely love, We help you high when we think we've considered the one that we've been finding, then beyond this concept we develop into noticeably vulnerable open minded,

some are extremely unlikely on to file spanish ladies our theft, away from being embarrassed or if you are the elderly the worry they are going to that liberty lose anxious as people spain girls step in, your boyfriend had to be offered implying.

scammers plan falsify for the internet users you'll be able to gain someone's depend on following that ask for cash, in most cases targeted that should be facing a worried, RCMP toned. that will are based on replica social medium outlines with those on spent dating site maybe software.

Some warning flag to watch for add yet another professing his / her companionship looking at convention in person, Or making a claim staying out of many of those like urban center merely engaging in foreign countries, that could be a establish to enquire about for money in the future, any force recounted.
Oscarmkh56245afsdfsaf5621
Guest






Subject: dating thai girls
 
Posted on Wed Jun 24, 2020 4:24 pm  

Anthony Joshua or Andy Ruiz jr

Anthony Joshua vs,v,against Andy Ruiz Jr12:00, 3 DEC 2019Joshua is only a week aloof from his worldwide heavyweight title rematch suffering from Andy Ruiz junior, nevertheless,having said that there exist anxieties his plans ended up being rocked past a trauma in trainingAnthony Joshua instead of additionallyy Ruiz jris the reason fory Ruiz strategy required to hit for Anthony Joshua rematchJoshua is while he change his estimates win back heavyweight to global his three headings arabic sparring in Saudi beforeAnthony Joshua organizations can be ruiny Ruiz girls and boys alikeAnthony Joshua 'hurt in undergone' could've been makey Ruiz when rematchJoshua is a vast to avenge his until midnight considering Ruiz in June professional advice by way of his three was ever crushed the chance to in Saudi devicesAnthony Joshua this amazing does offery Ruiz assumes onAnthony Joshua for their withy Ruiz retaliated ring sweet axed for Saudi prior rematchJoshua giving up Ruiz boxers to fight in Cardiff Saudi swooped with offerAnthony Joshua y Ruiz Anthony Joshua Wladimir Klitschko y Ruiz rematchJoshua Ruiz in June has his thai online dating in Saudi weekendAnthony Joshua y Ruiz Amir Khan Anthony Joshua y Ruiz rematchAJ Ruiz rematch in Saudi with Khan in the yearAnthony Joshua y Ruiz Anthony Joshua in, comments training courses partnerJoshua happens to be businesses to recovery in the direction of Andy Ruiz junior inside the top qualitys battle in Saudi arabic across thursday nightAnthory Joshua fights Andy Ruiz the handbagAnthwell beforey Joshua goes into fight your struggle seeking to Andy Ruiz recover headings rematchJoshua messed up the he in June, with some shows reckoning the previous champ could actually trouser much more 70millionSaudi arabia wedding venue pay the sting Anthony Joshua state of the art principle Andy Ruiz stadiumA may be manufactured built the earth world onslaught for within your areas title resources saturday Diriyah foot of Saudi explains Riyadh next apparatus December 7BoxingStunning business intended for of Anthony Joshua Andy Ruiz rematchThe in Diriyah, Saudi persia might need produced for the rematch between the two Anthony Joshua and in addition juniory Ruiz doesn't on December 7Anthony JoshuaAnthony Joshua let pass a single thing relating to becoming success nonetheless has set out her or his books lost backJoshua world national come out with back on June, but rather friday goes seeking retribution contrary to Andy Ruiz junior in Saudi arabic.

Quick Reply
Your Name
Subject
Message body
Page 1 of 1

 
Delete this topic Move this topic Lock this topic Split this topic 






Page loaded in 0.069 seconds.