Settlement of Debts Frees Up Cash Flow to Allow
for Recovery and Expansion
The process of debt settlement can be applied to many types of
financial obligations including:
- Delinquent credit card accounts
- Lawsuits, Judgments, Liens (focusing on out of court
settlements)
- Hospital bills
- Past due payables
- Problem vendors
By taking each item, one at a time, and negotiating a pay-off settlement
with each creditor or vendor, you will be able to use existing cash
flow or cash-on-hand to resolve your trouble debts, reducing the
total amount you have to pay back in the process. The range of 40-70%
of the balance due at time of settlement is a realistic and typical
range for the majority of accounts we process.
You stay in control
We negotiate with each vendor or creditor once you have informed
us that you have resources available to pay a reasonable settlement
for that item. We obtain an agreement we feel is within our guidelines
based on the situation (i.e. the lowest we feel we'll be able to
get), and propose the settlement to you for approval.
If you like the settlement, you approve it.
If you don't like the settlement, you simply refuse it and we continue
working on that item until a mutually agreeable settlement is reached.
We are paid our fee when the settlement is accepted and paid
by you.
Our Fees
Since you receive a custom proposal based on your needs, the fees will be different for every client.
Lifeline Consulting Group, Inc. assists clients of various businesses
Commercial mortgage lenders, loan companies, turnaround experts,
business consulting firms and attorneys bring clients to Lifeline
Consulting Group to help the client free up the resources needed
to implement solutions and avert the need for more drastic measures,
such as a Chapter 11 or a disadvantageous liquidation. In many cases,
expensive lawsuits or bankruptcy can be avoided by our
processes. The key is to take the right action without waiting or
"going on hoping."
If your business (or a client business you are working with) has
any of the problem areas listed above, you will want to consult
with us to determine how we might be able to help. There is no obligation
whatsoever in making an inquiry with us, so please accept our invitation
to discuss your situation. Let 25+ years of experience be at your
service.
Please browse through this site for more information, fill
out a consultation request form, or call us directly
at 1-800-822-4122.
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