But what about...

A healthy skepticism will help you make a better decision!

We want you to make the decision that is best for your personal situation and only you can decide what would work for you. That said, we can advise you and will tell you the truth. 

THE TRUTH: There are no simple answers, unless you could count on winning the lottery. Getting out of debt is never fast, fun, or easy. Creditors make the maximum amount of money by keeping you right where you are and keeping you there for a long, long time. They profit every second by trapping you in these situations for decades.  

Here are a few concerns people face: 

What about my Credit?

This is a good and valid concern however, most people have mentally combined "credit score" with "credit ability". This is not by accident. Creditors want you to believe that missing a single payment will cause irreparable damage. For most people, this is untrue. They want you to believe this, because they have a financial incentive for you to pay your bills. 

When you begin to participate in our debt management plan, your creditors will probably try to discredit us. They will tell you things like "you don't need to pay for that service" or "they cannot get you anything better than you could negotiate yourself". This is because they do NOT want us negotiating your account. They know if we negotiate your account balance, they will most likely get less.  They will work very hard to make us look bad.  

Why? Money. More money for them. They're not mean, they're not nice. They just want your money. Can you blame them? No…of course not, but don't trust them. 

If you have a perfect 850 FICO credit score, but your debt-to-income ratio is 72% because you are carrying too much debt, then you have a perfect credit score, but zero credit ability. What is 100% times zero? Still zero…which is exactly your borrowing power. The depth of your credit is more important from a lender’s perspective than your credit score.

Many people even find their FICO credit score higher after participating in our debt settlement plan. Why? Because now there is no unsecured debt. Approximately one third of your credit score is made up of your overall usage of revolving credit. In short, you're at lower risk of default when you have $100,000 in available credit and have used virtually none of it - the bank knows you don't need money, which means you're a very low risk. 

Consumers with a $50,000 credit limit, but a balance of $49,000 are one incident away from defaulting.  They may have a great credit score because they pay on time, but their usage of their credit actually has made them less able to get more credit.  This means your credit score will get, or is already getting severely damaged by your "usage of revolving credit". 

For most cases, in the beginning of a debt settlement program, you will experience limited short-term credit damage, but within approximately one year of completing our program, you could even have a higher credit score than you have today. It is not uncommon for credit scores to increase over 70 points, or even 100+ points after completing our program. 

Whitehall: A Better Way Out of Debt.
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