DEBT RELIEF PLAN The debt settlement plan was developed for consumers who can no longer afford their monthly minimum payments, but who do not want to file bankruptcy. This is a legal process whereby consumers retain experts to represent them in negotiations with their creditors. Debt negotiation programs allow consumers to repay an average of 40% to 60% what is owed and resolve the debt within 12 to 36 months. Thousands of American families have been able to avoid bankruptcy by utilizing these services.

CREDIT REPAIR SERVICES Let’s face it, having good credit is important in today’s world. Many factors contribute to a consumers credit score. Whether it be past or current debt issues, the company’s credit repair and credit education services can assist you achieve your goals.

MORTGAGE SERVICES The company offers a wide variety of mortgage solutions for today’s struggling consumers. If you are stuck in an unfavorable loan, they have options that can help. Their services include loan modifications, first time buyer programs, FHA loans and refinancing. Their experts are knowledgeable in the complex mortgage marketplace of today.

BUDGETING AND EDUCATION Personal credit expert, budgeting tools and tips, and online education resources comprise their full service approach to financial health.

Credit Counseling Reduce your interest rates and be debt free in 3-5 years with credit counseling.

Mvelopes Personal Budgeting A comprehensive budgeting & tracking system is a must have for anyone that wants to take control of their financial situation.

Foreclosure Alternatives Millions of American’s are struggling with their current mortgages; don’t get caught in possible foreclosure. The company may be able to help you save your home and get back into a comfortable mortgage payment

Mortgage Loans Looking to refinance or consolidate your bills? Even with the mortgage industry in its current state of unrest, you may still qualify for a great loan!

Bankruptcy Sometime bankruptcy is the only option left for those facing financial hardship. The company is partnered with the largest bankruptcy firm in the nation.

Customer Service Another thing that sets the company apart from their competition is their un-comparably high level of customer support. They not only partner with clients’ for the duration of their financial solutions program, but beyond. Their clients are partnered with a debt management expert who is always available to them. “

Debt Settlement

Debt Settlement

The economic crisis continues to make it difficult for families to pay their debts, while more and more Americans are becoming desperate to find a solution to help them get out of debt. Increasingly, consumers are turning to alternatives to bankruptcy. Debt settlement is a legitimate way of solving your problem without the need for bankruptcy. It is seen as the fastest and least expensive way to get out of debt.

What we do

Our debt settlement program is actually quite simple. It is designed to reduce your stress and eliminate your debt so you can begin living again.

We begin with a consultation to assess your financial situation and your financial hardship; then we create a program that fits both your long-term goals and your budget. This consultation and analysis is free of charge and you are under no obligation to join our program. The goal of the program is to have you pay off your reduced debt for far less than what you owe today, including all of our costs to provide this service.

We will set you up with an affordable monthly payment. The payment plan is determined by the circumstances unique to your situation and discussed between you and our counselor. Based upon what you are able to pay each month, into your settlement account, we can determine how many months you will be part of the program. Ultimately, this will lead you to becoming debt-free.

Through the established relationships we have with the creditors and financial institutions, we will skillfully negotiate your current level of unsecured debt, so you will end up paying only a fraction of the balance due. We estimate that we can reduce your debt by 40% to 65% of the current total.

Only unsecured debts (credit cards, retail store cards, medical bills, judgments, personal loans, etc.) can be handled but not student loans, auto loans or mortgages.

Our experienced Debt Settlement Professionals are here to help. They will consult with you and provide you the information you need to make informed decisions to get your financial life back on track.

Backruptcy

Backruptcy

Basically, for individual consumers there are two types of Bankruptcy protection: Chapter 7 (discharge) and Chapter 13 (payment plan). Each one has its own pros and cons and the right filing for you depends on a number of different factors. It’s best to consult a Bankruptcy lawyer to discuss your specific scenario.

Qualifying For Chapter 7 Bankruptcy in California

Because relatively new bankruptcy laws passed by Congress, in order to completely wipe out your debt you must demonstrate that you lack the income to pay off the debt or at least partly. To prove this, the courts first make all California filers attend a mandatory credit counseling session before filing bankruptcy. During this session, a credit counselor scrutinizes your income and expenses to determine whether your situation can be better remedied through a non-profit debt management plan or if bankruptcy is indeed your best course of action. We begin with a consultation to assess your financial situation and your financial hardship; then we create a program that fits both your long-term goals and your budget. This consultation and analysis is free of charge and you are under no obligation to join our program. The goal of the program is to have you pay off your reduced debt for far less than what you owe, including all of our costs to provide this service.

Assuming you receive the credit counseling certificate and proceed with declaring bankruptcy, your attorney will determine whether you qualify for Chapter 7 or Chapter 13. This is done by comparing your income over the past 6 months against the median income of the same sized household in California.
 

If your income is above the median in the state, you will be forced to pass the means test in order to qualify for Chapter 7. The purpose of the means test is to figure out whether you have enough disposable income after subtracting certain allowed expenses and required debt payments to make payments on a Chapter 13 plan.
 

Since filing Chapter 13 bankruptcy not only will have major, negative credit consequences, but also requires one’s debt to be repaid (or at least a good part of it). Consumers are desperate to avoid Chapter 13 for this reason, an increasing number of people have found debt options like debt settlement to be much more suitable for their financial credit problems.

Contact

360 Modify Inc.
33 Journey Drive Suite #250
Aliso Viejo, CA 92656
Tel: 1-888-360-MODIFY (6634)
Fax: 949-269-0675

Services

• Loan Modifications
• Short Sales
• Deeds-in-Lieu of Foreclosure
• Forbearance Agreements

Contact

Mark Pittman, Esq.

6080 Center Drive, Suite 600

Los Angeles, CA 90045

www.blackstonelawgroup.com
Telephone: 800-919-2219
Fax: 310-499-4820