The total debt solutions group is focused on helping families eradicate bad debts and plan for financial freedom. Through several programs designed to put the user in control of their payments and on a plan towards becoming free of excessive credit bills, participants will have a fresh start.
The Programs
Three programs are the focus of Total Debt Solutions. The first is called the ‘Debt Rolldown.’ To eliminate leverage against them within seven to twelve years, families let the automation of this plan pay their debts and lower their interest rates. TDS claims all outstanding notes and unsecured accounts will be reduced to a 6% rate. The estimated time to pay off these creditors is only 2-3 years.
The ‘Rolldown’ program administers payments through a third party and debtors can monitor their progress online. As a consequence of timely bill payment through this service, collections phone calls should stop, and late fees should cease to be accumulated. The next TDS option is credit arbitration.
Before debts become bankruptcy, debtors can make an effort to use an arbitrator for helping the two parties come to an agreement for repayment. This alternative is for the borrower who wishes to repair their credit, and is seeking options to avoid having a bankruptcy on public record.
Total Debt helps by investigating inaccurate information and contacting all three credit reporting agencies to dispute errors and have them removed. Their affiliate education partner will assist in educating consumers, detailing how the FICO score is affected by individual trade line items. Inaccurate items must be removed from the individual’s report upon written request to the credit bureaus.
Controlling Spending
To control spending habits, create budgets, and automate bill payment, the third program is called ‘Myelopes Personal.’ Completely electronic, this money managing system is utilized by downloading the software to a home computer and integrating spending plans with online bill paying services. The software develops a budget based on the specified income, and is connected to the family or individual’s financial information to for accurate monitoring.
The advantage to this software is the execution of timely payments to all bills without overspending. Because the Myelopes program is linked to all of the client’s accounts, a comprehensive report can be retrieved for review at any time. Paying on time carries the added benefit of saving money which is otherwise wasted on late fees and/or additional interest.
Long Term Benefits
People can use total debt programs to be free of excess unsecured credit card bills as well as to pay off a car or home. If immediate relief is needed, they can consider the arbitration plan. In either case, downloading the Myelopes software will be beneficial for long and short term budgeting. The benefits of all the TDS plans include gradually increasing credit scores as debts are paid on time and the overall amount owed is reduced.
These plans are also flexible, allowing for changes such as adding another account or swapping one out, at no additional charge. With consistency, most people will be free of major debts in seven to twelve years.
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