Financial Partner Presentation

The Facts

2007 Average American credit card debt was $9,840.00.

There are more than 1.2 Billion Credit cards in circulation today.

More than 60% of Credit Card holders carry a balance forward each month – this number is growing.

72% Americans believe that revolving debt is a part of modern life and cannot be avoided.(Source www.bankrate.com )

More Facts

The Average American is experiencing difficulty paying their debt

Economy is in a Recession Consumer Debt is at Record Levels Most Americans have little or NO Equity in

their Homes Changes in the OCC Guidelines resulting in

higher minimum payments on all credit card debt.

FOR MORE INFO.www.bankrate.com .

In the News

B of A raises consumer rate, Blindsiding Consumers Chase – Decreases available

credit for no apparent reason American Express –

Offers $300.00 bonus to cardholders for

balance pay offs Capital One preys on most

vulnerable borrowers

America is MAXED OUT!

Maxed Out Trailer - Documentary by James D. ScurlockJun 27, 2006 - 01:17Maxed Out Trailer: Americans are buying with plastic at a staggering rate. From lattes to vacation packages, car payments to home-equity loans, our reliance on credit is increasing. Even t...--

Hate your Credit Card Bills? MAXED OUT - NOW ON DVDFeb 6, 2007 - 02:15Maxed Out takes viewers on a journey deep inside the American style of debt, where things seem fine as long as the minimum monthly payment arrives on time. With coverage that spans from small ...--

Why Debt Settlement?

Example Based on $30,000.00 balance at 19.00% interest

Debt Settlement based on 55% settlement, all fees inclusive.

Consumer Counseling based on 10% rate over 60 months This example assumes that NO additional charges are made!!

Pay Minimum Consumer Counseling

Premier DebtSolutions

$112,651.77 *** 59 years $112,651.77 *** 59 years

$42,500***5-7 years $42,500***5-7 years

$16,500***3 years$16,500***3 years

What is Debt Settlement? Debt Settlement is the fastest and least expensive way to get

out of debt. Often referred to as Debt Negotiation, Debt Settlement is an alternative to Bankruptcy, Consumer Credit Counseling and other third party intervention programs.

Two Major benefits to Debt Settlement rather than Bankruptcy is recovery in a shorter amount of time – to both credit and debt.

Debt Settlement companies will negotiate with unsecured creditors on behalf of the client to settle for an amount much less than the balance owed.

Industry Standards are between 40% and 60% reductions. In return, the debtor will make a settlement payment for the balance owed. Once the debt has been paid in full on the settled amount, the creditor will issue a letter to the credit bureaus stating the debt has been "Paid", "Settled", and/or "Settled for less than full amount."

Who Qualifies for Debt Settlement

Debt settlement programs are for people facing financial HARDSHIP. This means people who are late on paying their debts, have lost their job, had major life changes and are experiencing difficulty paying their debts and may be facing a possible bankruptcy.

Debt Settlement is not designed to negotiate debts for people who have reasonable means to pay off their debts. This program is NOT for people who can meet their monthly debt obligations.

Why would a Creditor accept a Settlement? Simple – Something is better than Nothing!

Oftentimes creditors are willing to settle the balance of debt owed if the debtor is under financial hardship. Debt Settlement is an excellent alternative to Bankruptcy and in the creditor’s eyes if the debtor is under financial hardship and chooses to file Bankruptcy the creditor would receive nothing.

Debt Settlement professionals, working on your behalf, take advantage of the leverage they have in this situation and routinely eliminate 30-50% of the debtor’s unsecured debt.

It’s a win-win situation for both sides in the sense that the creditor is able to get some payment towards the balance owed, and the debtor slashes his outstanding debt and avoids the long and drawn out process of filing Bankruptcy

.

What Options are there?

Do Nothing – Pay minimum

If your rates are 25% or higher, it is practically impossible to pay off your debt by making minimum payments unless you pay at least 3% of the balance in minimum payments monthly. Even then, it would take you over 35 years to pay off your debt.

At lower rates, it will still take 20 to 40 years to pay off your debt with minimum payments with little room for obtaining additional credit.

If you've already stopped making payments, you are destroying your credit while not resolving any of your debt in the process.

!

Options

Bankruptcy Both Chapter 7 and Chapter 13 bankruptcy represent a

severe negative impact on your credit for 7-10 years. Can cost up to $2,500 to file. May have a negative impact on your employment status. In a Chapter 13 filing, you may end up paying 75 - 100% of

your debt back. Chapter 7 is much more difficult to qualify for under the new

bankruptcy laws. May result in higher interest rates on future loans. Chapter 13 completion rates average only 32%.

Options

Consolidation Loan Need to qualify first. Often requires ownership of Real Estate property or a

pledge of collateral. Home Equity loan reduces future equity available in

your property. Additional loan fees upon closing or is built into the

interest rates. Payback can be 10-20 -30 years depending on debt

balance and ability to pay back loan. You will pay back the full amount of credit card

balances plus interest. Bottom line: You are exchanging your unsecured debts

for a secured debt - a big risk.

Options

Consumer Credit Counseling These companies are generally funded by the credit card

companies themselves. They are just another form of 'collection agency' they act as

a bill paying service of which a survey of credit counseling companies showed that the average interest rate charged is around 11%. Credit counseling may make sense in some situations, but often they do not.

They will consolidate your bills into one monthly payment and lower interest rates.

You'll end up paying back your full balance plus interest and it will take 5-7 years

Negative impact on your credit from 5 - 8 years. This is often viewed by lending institutions as similar to Chpt

13 BK

Options

Premier Debt Solutions Debt Settlement is a better choice Rapidly becoming the top method for consumers with

financial hardships to get rid of problem debt. We are independent and not affiliated with your creditors,

and thus, are working for your best interests. Client's debt is paid off in anywhere from 18 - 36 months

depending on cash availability.. We have a solid plan and In-House Negotiators to settle

debt for less than the principal balance. Total cost of program may be significantly less than credit

counseling for those that complete the program. We are TASC Accredited – working to promote good

practice in the debt settlement industry, protect the interests of consumer debtors, and lobby on behalf of debt settlement companies on the federal and state level.

 

Debt Settlemen vs. other programs

Example Based on $30,000.00 balance at 19.00% interest

Debt Settlement based on 55% settlement, all fees inclusive.

Consumer Counseling based on 10% rate over 60 months

Pay Minimum Consumer Counseling

Premier DebtSolutions

$112,651.77 *** 59 years $112,651.77 *** 59 years

$42,500***5-7 years $42,500***5-7 years

$16,500***3 years$16,500***3 years

About us

Premier Consultants have combined financial and Mortgage experience in excess of 23 years. Your clients will be treated with respect, we understand it is

a difficult discussion for many. We understand your side of the business and know how

difficult it is when your customers call you for help and guidance – and you cannot help them due to the market conditions, excessive debt and credit issues.

Premier Debt Solutions is partnered with a National Debt Settlement company who has been in business for over 7 years and is owned and operated by an attorney. Strength in Underwriting and Negotiations TASC accredited

About us

We will Evaluate and Educate each client individually on the three to five options they may be eligible for

We will Disclose to your customer the cost and time their debt settlement will require.

Our Program allows your client to be out of debt in 12-36 months!

We are a member of the Nationally recognized Association of Settlement Companies (TASC)

FOR MORE INFO.. www.tacssite.org

Value As a valuable financial advisor, you have a solutions and

resource for those clients who may be debt and credit challenged.

They will remember who helped them in their time of financial stress.

Refer them to Premier Debt Solutions, we will assist them in

getting back on track…..

…Living Life ,Debt Free