Top 10 Client Questions
The following are the top 10 questions our clients and prospective clients ask us during both the consultation process and as their debt settlement program starts to take effect. This page may not answer all your questions about BRN, and this is why we recommend you contact us for a free consultation. There is no obligation to join our program, and the consultation is completely private.
1. BRN provides a debt settlement program. Is this considered the same as debt consolidation?
Answer: Not at all. But, our program is the best choice for individuals and families encountering serious financial difficulties due to the loss of a job, medical expenses or out of control debt payments. By negotiating directly with your creditors, we obtain a better settlement than companies that provide "debt consolidation". In fact, often debt consolidation programs increase your debt load and damage your credit. Other kinds of debt consolidation, such as loans, frequently require good credit and a home as collateral. Generally, our clients do not meet this requirement, and have often already been refused for a debt consolidation loan.
2. How does your program affect my credit rating?
Answer: Before obtaining our help, many of our clients build a record of missed payments and other negative credit problems. As part of the settlement process, we negotiate with your creditors to have these issues removed, with great success. In fact, most of our clients have their accounts updated to "current status" once we have settled their debts. As well, because our clients did not file for bankruptcy, future creditors see them as worthy clients who did their best to pay down their debt.
3. How long does your program generally take to complete?
Answer: Completion time varies depending on your situation. However, the quicker you have the funds necessary to resolve your debts, the quicker the program can be completed. Once you have contacted us directly here, we will contact you and will give you an estimate of how long it will take to settle your debt.
4. I am concerned about my privacy. Is your service confidential?
Answer: Bankruptcy Relief Network
is completely committed to maintaining absolute confidentiality. We do
not share your information with anyone, except those you personally authorize
to receive information, such as your current creditors.
Read our privacy policy here.
5. What are the fees to begin the program and how are you paid?
Answer: Our fee depends entirely upon just how complex your financial situation is, and also upon how high your debt level is. We always discuss all aspects of fees with prospective clients before we take them on. One thing we can say, however, is that the total cost of our program is frequently 75% less than that of regular credit counseling and debt consolidation process.
6. What can I expect from the Bankruptcy Relief Network program?
Answer: Bankruptcy Relief Network's
Program results vary by individual, but in most cases, we settle our clients
debt for as little as 25-50% of the total owed.
7. Things are very difficult
for me right now. Why shouldn't I just file for bankruptcy?
Answer: We always caution any consumer that bankruptcy should be their absolute last resort. It is incredibly damaging, and can result in severe credit problems over the long term. This is why we recommend that despite how difficult things may be, if you have enough income to resolve your debt over time, you may want to consider our program instead of a bankruptcy filing. Having your debts settled has a tremendous effect on your credit report and rating, while bankruptcy does it grievous harm.
8. Throughout your site, you often speak of secured
and unsecured debt. What is the difference?
Answer: The difference between secured and unsecured debt is extremely crucial and should be known to every consumer, no matter their debt status. Basically, secured debt is a loan or credit wherein the creditor retains interest in personal property such as a house or car. A typical secured loan, in fact, is a mortgage or car loan. With these kinds of loans, if you fall behind on your payments, your lender can repossess the property in order to cover the payments you missed. In most cases, secured debts can not be settled through our program, and if issues arise involving foreclosure or repossession, we recommend contacting an attorney.
Unsecured debt is debt that does not have real property tied to it, such as debt from credit cards, personal loans, medical bills and others. Bankruptcy Relief Network specializes in settling this form of debt.
9. When I sign on to your program, do I have to include all of my debts, or can I choose which ones you will settle?
Answer: With the Bankruptcy Relief Network debt settlement program, you choose which accounts you would like resolved. In some cases, we may make a recommendation that you settle most of your accounts, but again this depends on the individual. We discuss these issues with you during our initial consultation - contact us here to have a representative contact you directly. ßLINK
10. Is my case guaranteed to be accepted?
Answer: Unfortunately, we cannot
guarantee that your case will be accepted. Our program typically works
only with clients who are encountering real financial problems due to
high minimum credit card payments, the loss of a job, or a medical issue
which has elevated their debt greatly. In effect, if you have the financial
resources to handle your debt, we may not accept your case. In this case,
we can recommend alternatives to help you alleviate your debt without
our program. All of this is discussed with you during our free consultation.
Click here for a free consultation.
Bankruptcy Relief Network
501 W Broadway Plaza A
San Diego, CA
92101-3562
(619) 599-0316
