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| Testimonials |
"its as if a huge weight has been lifted of my shoulders, I cannot thank you enough for saving my financial life".
Linda, Michigan |
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"only wish I had done this sooner, everything has worked out well for us, thanks for your help"
Steven W, Delaware |
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"can it be possible, I am actually sleeping at night thanks to your program, the collection agencies no longer call or even bother us and we are on track to financial freedom, thank you from the bottom of my heart"
David G, Texas |
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"Thanks for caring about people like myself. There are hundreds out there being taken in everyday. The truth is something we can always be proud of telling. Keep up your work – you're needed."
Sarah B, Florida |
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"I am just so
impressed how much better I feel thanks to talking with your
representatives, they showed me all the options, we came up
with a game plan, and I have already improved my credit score
within 7 months, wonderful"
Anna, Florida |
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"we still have a
hard time believing our creditors would agree to help us, but
its done, debt free in 3 years thanks to your program, yipeeee"
Steven P, Arizona |
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"just wanted to
let your company know that all is well now and that your
program has worked wonders for my families future"
David L, South Carolina |
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"I cannot thank
your organization enough for answering my emails and making
sure I have all the facts, this was so much easier than I had
imagined"
Fredrick, Florida |
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I used to pay out $1200 a month in credit card debt between 7 credit cards. 9 months later, I had no more credit card debt! My creditors left me alone and ever since I have been able to utilize the knowledge I've learned to reduce my taxes and protect my assets. I've been financially independent for at almost a year now. Thank you APG!!"
Peter G , Kentucky |
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"we
had been to the brink of drowning. Thank goodness after surfing the net I found your site. It had all the info that I've been looking for! WOW! I've nearly paid all my debts and my credit is better than ever! I'm very glad that I found you!
Again, thanks for being here and especially your willingness to help others! Most impressive!
Kelly P, New Mexico
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WARNING: Discover Why Debt Settlement
Is Usually a BAD IDEA!
Are you considering debt settlement? You are about to learn why debt settlement is a big mistake in most circumstances.
We have a better alternative to debt settlement, debt consolidation
and bankruptcy.
- Get out of debt fast without bankruptcy or consolidation
- Learn your rights according to the fair debt collection practices
act
- Stop harassing phone calls from creditors
- Stop collection agencies dead in their tracks
- Know what to do if you are sued by your creditors
- Learn how to restore your credit
- Gain access to our attorney networ
The only 100% legal debt resolution program designed to help you
avoid bankruptcy, consolidation and non-profit debt counseling.
Debt
Settlement Fact: Did you know you
are responsible for paying income tax on the settled
balance? In other words, your creditor or debt collector
will send you a copy of a Form 1099 that it will file
with the IRS. When you file your next tax return, you
will need to include the amount on the 1099 as imputed
income! |
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Debt Settlement Pitfalls!
Debt settlement is usually much more tempting than consumer credit counseling, debt consolidation, or bankruptcy. Those options are not good choices, and no matter how much debt settlement may seem to be a better solution, it is just as bad, if not worse.
Debt settlement companies help you reduce your unsecured debt. They can usually reduce your debt by 30% - 60%. This sounds great for most people. It helps you avoid bankruptcy or one of the other unattractive options. However, it isn't really all that great. The amount that isn't paid to your creditors will be reported to the IRS upon settlement. It is reported as imputed income, and you will receive a 1099 for this. This "imputed income" must be reported on your taxes as actual income.
For example, If your debt is $20,000, and the debt settlement company reduces that by 30%, you only have to pay $14,000 of your actual debt. But, the other $6000 is reported as actual income, and you would have to pay taxes on that money.
Debt settlement is also reported to the credit reporting agencies, and it ruins your credit, just as consumer credit counseling, debt consolidation, and bankruptcy do.
There are also fees associated with debt settlement. These companies don't help you for free. They will charge you fees. This is big business, and the fees are not low. So, you may have reduced your debt, but you paid more money in the way of fees, and added income that you didn't actually receive that must be reported on your taxes.
Since the new bankruptcy legislation was passed, consumers will have fewer options for debt relief and the creditors are going to take advantage of this. One of the reasons creditors have been willing to settle for less than 100% of the debt owed is because they would rather collect "some" of the outstanding debt than take the risk of not collecting anything should the consumer file bankruptcy. Now that bankruptcy has become more
difficult,
creditors will have less incentive to settle a debt and consumers will have to look at other debt relief options.
What options are left?
Our Debt Elimination program can help you eliminate 90% or more of your debt. Our program is the only of its kind. We have a network of trained attorneys that can help you get out of debt in less than 2 years. This is NOT a repayment plan, debt settlement or debt consolidation.
Fill Out The Form above for more information and a FREE Debt Elimination Consultation
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