

Debt Management | Consumer Credit Counseling
1. Credit consolidation, more commonly called credit counseling, simply reduces the monthly payment and interest rate on the amount of debt you owe, and you pay back 100% of the full principal plus interest.
2. Creditors can offer concessions to consumers such as a lowered interest rate and/or reaging of the accounts for clients on a debt management program.
3. The Creditors created this program for consumers having financial difficulty and proposals must be approved by the creditors in order to receive benefits and concessions.
4. Consumers will make a monthly payment to their debt management agency and the agency will send payments to the creditors each month on the client’s behalf.
Credit Card Debt Settlement
How does our credit card debt settlement program work?
Our primary objective is to negotiate with your creditors to settle each of your debts for less than the amount you otherwise would owe. Negotiations normally continue until an agreement is made with the creditor, at which time the settlement amount if paid from your Rocky Mountain Bank and Trust special purpose account. Then we repeat this process with each debt that you have brought on the program. We also can help with any calls from creditors that you may be receiving.
Can debt settlement stop the creditors from calling me at home and at work?
New Start Debt Releif can serve a "Cease and Desist" notice on creditors that continue to call or harass a client after New Start Debt Relief has informed the creditor that New Start Debt Relief represents the client. While most reputable creditors will discontinue this behavior, New Start Debt Releif can not guarantee that all creditors will abide by such notice and could require a notice to an appropriate government agency.
Consumer Debt Settlement | Debt Counseling | Debt Management | Debt Relief

