Frecuently Asked Questions | Success stories
Frecuently Asked Questions  


 

1. Why should I restructure my debts?
2. When is Debt Restructuring most effective?
3. How can CCC settle so much debt with such a small monthly installment?
4. What if a creditor refuses to settle and sues me?
5. How much will Debt Restructuring cost me?
6. How will Debt Restructuring affect my credit?
7. What if I need to do business with certain creditors?
8. What are the benefits of Debt Restructuring to a debtor/creditor?



Why should I restructure my debts?
To minimize and defend against harassment from creditors, agencies and attorneys. To avoid the aggravation and costs associated with bankruptcy and litigation. To satisfy your creditors with what you can afford. To eliminate personal liability. To focus on business growth rather than constantly putting out fires. To return to profitability.

When is Debt Restructuring necessary?
When you want to pay your creditors but can only afford a fraction of the overall debt. When you're being sued and your assets need to be protected. When you're unable to obtain the financing necessary to pay creditors. When a secured creditor is contemplating foreclosure because of your financial condition. When you want to sell your company for its maximum value. When bankruptcy or closing your doors seems to be your only options.

How can CCC settle so much debt with such a small monthly installment?
The key to our success lies in the budgeting of payments. To satisfy your creditors, CCCS offers them settlements ranging from an immediate discounted payment up to payment in full over time. Creditors are paid according to the amount they accept. The smaller the settlement, the quicker they will be paid. The more they want, the longer the deferment and the longer the payout. In any case, you win because no matter which option they choose, it is within your budget.

What if a creditor refuses to settle and sues me?
If a creditor obtains a judgment, in order to get paid they need to levy upon your assets. If all your assets are secured, THEY CAN NOT GET PAID. With Commercial Credit Counseling's Asset Protection Strategies, the majority of your assets can be protected from litigating creditors. There is no logical reason for creditors to sue. The only way they can get paid is by accepting one of our settlement options. With your assets protected, your company's outlook improves dramatically.

How much will Debt Restructuring cost me?
Nothing! We guarantee that the total amount you pay back over time, on unsecured debt including our fees, will be less than what you owe now. That is better than an interest free loan.See our guarantee.

How will Debt Restructuring affect my credit?
Credit is given based on your ability to repay a debt. Debt restructuring decreases the amount you owe and increases your cash flow by stretching the debt out over time. Your ability to pay is therefore greater and your ability to obtain credit is thereby improved.

What if I need to do business with certain creditors?
We understand the importance of keeping vital supply lines open with certain creditors. There are two ways to handle this situation. Since you decide which creditors will be included in the restructuring, you can exclude any creditors and work with them directly. You can always add them to the restructuring at a later date. If you decide to include creditors that are vital to your business, we will make every effort to ensure that an ongoing relationship is part of the settlement.

What are the benefits of Debt Restructuring to a debtor/creditor?

Debtor Benefits
Creditor Benefits
   
  • The burden of dealing with creditors, collection agencies and attorneys is diminished.
  • Time can be spent on what is most important - business development.
  • Professional Debt Restructuring specialists will customize a time-tested plan for the resolution of debt.
  • Overwhelming debts are converted into affordable monthly payments.
  • Precious funds are not wasted defending undefensible lawsuits.
  • Our “Asset Protection Strategies” can safeguard all assets.
  • Debt Restructuring helps debtors avoid bankruptcy.
  • Debt Restructuring is the first step toward a profitable future.
  • Debt Restructuring maximizes the return to creditors given the debtor's financial condition.
  • Each creditor can choose exactly how much they want to be paid.
  • Money that the debtor would normally spend on bankruptcy or defending law suits is paid to creditors instead.
  • Creditors no longer have to endure the typical delays and avoidance they get when customers can not afford to pay.
  • Creditors can be paid without additional costs brought on by collection agencies and attorneys.
  • Customers can be retained rather than lost to competitors.
  • Debt Restructuring promotes the continuance of business between the debtor and creditor on a cash basis. That way the creditor's bottom line increases without risk.