Q- How can I afford your services when I’m already in
A- Here at TFF we understand that every client has a
unique situation. Before moving forward, we design a
program to fit your budget. Many clients are even making
program payments which are lower than their scheduled
Q- How will the debt settlement process affect my
The debt settlement process is designed to aggressively
reduce your outstanding debts, thereby improving your
debt to income ratio. However, it’s likely that if
you’re thinking about debt settlement your credit is
likely damaged. This could have resulted because of
having too much debt, credit card balances that are over
the credit limit, or late payments. It is much easier to
improve your credit after eliminating your debt than to
struggle for many years and then focus on the repair of
Q- Can you lower my interest rates?
A- We are not in the business of negotiating interest
rates. TFF’s program goes beyond interest rates. We are
negotiating on the principal balance owed. Because
you’re paying back less, program lengths are shorter and
more money can be saved.
Q-What types of debt can I include in your program?
A- We are able to negotiate unsecured debts such as:
credit cards, medical bills, gas cards, overdue rent,
repossessions and personal loans.
Q-What is the difference between unsecured and secured
Unsecured debt is non-collateralized. Simply stated
there is no property backing the loan. Such debt can
consist of credit card, commercial debt, deficiency
balances, medical debt, and personal loans.
Secured debt is another type of debt, which is
collateralized; basically, it has a connection to some
personal property, such as a home or an automobile. When
you fall behind the creditor can repossess the property
that secured the debt. In many cases the repossessed
property will be auctioned. The consumer will then be
liable for a deficiency balance - the sum owed after the
property is sold.
Here at TFF we negotiate your unsecured debt.
Q- Can I continue to use my credit cards after enrolling
in your debt settlement program?
A- The use of credit cards during our program is frowned
upon. Racking up more debt going through our program is
self-defeating. Charging up credit card debts can
quickly threaten your financial goal to live a debt free
Q- Can I use a debit card during the course of the
A- Yes. Here at TFF we encourage clients to use debit
cards. It encourages financial responsibility. Spending
money that you have is more prudent than burying
yourself with unsecured debt. In fact, many clients
choose to use a debit card during our program.
Q- How long do your programs typically last?
A- Generally our clients are completing the program
within a span of 18-36 months.
Q- Are there any pre-payment penalties?
A- There are no pre-payment penalties.
Q- What about bankruptcy?
A- Bankruptcy should be the very last option. A few
years ago people could file bankruptcy and walk away
from their debts. However, the new bankruptcy laws make
it very difficult. In many cases, bankruptcy requires
repayment, as determined by the court system. Assets
such as a home or automobile can be liquidated.
Repayment can last up to 5 years and bankruptcy can last
on a credit report for up to 10 years.
Q-How do I know that debt negotiation is for me?
Barely making the minimum payments?
Falling behind with your minimum payments?
Stuck with exorbitant interest rates?
Empty savings account?
Using credit cards just to “get by,” such as charging
gas, groceries, utilities, etc…?
Being denied credit?
Experiencing creditor phone calls?
Loss of income?
Q- How much does a consultation cost?