FAQ's

Debt Relief is the process of seeking assistance when a financial hardship has occurred and you are unable to continue to make the monthly payment on your bills, including your credit card accounts. The four debt relief options are bankruptcy, debt settlement, debt management (credit counseling) and loan consolidation. Debt Management and loan consideration are actually debt restructuring because the only relief is the reduced rate of interest charged and there is no actual reduction in the amount of debt owed or paid. There are two kinds of bankruptcy: Chapter 7 (liquidation) and Chapter 13 (reorganization). LegalEdge outlines the difference and why one is better for you than the other. The E-Book Get Out of Debt: A Roadmap is designed to provide information on each of the debt relief options.

Zero.  Legal Edge provides you information on the four debt relief options at no cost, including the E-Book Get Out of Debt: A Roadmap.  LegalEdge allows you to access and use its proprietary financial assessment so you can learn which option is best for you based on the information that you have provided at no cost.  In order to use and access the financial assessment tool you will have to provide your name, telephone number, email, and zip code. LegalEdge makes a fee from the service providers.

LegalEdge seeks to match your financial situation and goals with the suitability of each of the four debt relief options. The questions contained in the assessment are specifically designed to determine which option best satisfies your financial situation as reported by you. Is it always 100% accurate? No. This is why for certain consumers we will recommend a primary option and a secondary option. For example, the assessment may recommend pursuing Chapter 7 bankruptcy. However, without having complete financial information for a consumer we don’t know if the consumer will qualify for Chapter 7 bankruptcy in the state that they live in. This is why the assessment would recommend the second option of debt settlement. Our goal is to help you to understand your debt relief options, use the financial assessment to help you make a decision as to which option is best for you, and then help you implement that decision. The assessment provides a recommendation. However, you will need to decide whether that recommendation suits your interests.

LegalEdge offers a Debt Reduction Toolkit for those individuals who decide they want to settle their credit card accounts on their own.  There is no obligation to purchase this guidebook.