CONSIDER

Paying More Can Impact Your Results

One crucial aspect you should consider when contemplating debt settlement is that the more you pay in fees, the longer it will take to settle your debt. And, prolonging the time it takes you to settle your debt, the less likely it is that you will successfully do so.

Hence, the service fees charged by debt settlement companies directly impact the final outcome. They may commonly charge a percentage of the amount you owed initially or bill based on a percentage of the eliminated debt.

Consequently, most settlement companies choose the latter, charging a 15% to 25% fee on the reduced debt. Therefore, if a typical company eliminates $10,000.00 of your debt and charges a 20% fee, you would pay $2,000.00.

Yet, at GreenPointe, we offer superior client service, and our low flat fee pricing is designed for clients to regain their financial footing more quicker.

Comprehensive Services and Low Fee Structure

At GreenPointe, we keep our pricing affordable and reasonable, so those who otherwise could not afford to retain professional assistance (if charged by the hour) to resolve their outstanding debt will have access to the needed services.  

Hence, below is a breakdown and an example of how we charge for settlement services. 

1. First Work Fee – $209.90 = a One-time $99.95 case establishment fee plus $109.95 for the first round of work, then $109.95 for each subsequent month, ONLY for Credit Repair or Debt Settlement work performed in the prior month.*

Respectively, for each debt item settled, an 8.5% – 10% (Vs. National Avg. of 15%-25%) fee will be assessed based on the amount of debt eliminated. EG. Original Debt: $3,590.00 settled at .40 cents on the dollar = $1,436.00 / Savings (Amount Eliminated) $2,154.00 x 9% = $193.86 assessed fee.

Thenceforth,

2. The final settlement charge will be assessed based on the below situations and parameters.

A. Charged-Off Accounts

SITUATIONS

Credit Cards, Personal Loans, Medical Bills, etc. / Charged-Off 

SUMMARY OF SERVICE

Compulsory CRA and creditor or collection company audits, including (1) Drafting and forwarding debt negotiation correspondences to the respective party to solidify an amicable lump sum or short-term pre-settlement funding agreement, (2) Removing negative credit reporting or have language appropriately adjusted.

SETTLED ITEM PRICING

Amount: $1,000.00 – $2,999.00 = 10% fee based on the amount of debt eliminated will be assessed. 

$3,000.00 – $5,000.00 = 9% fee based on the amount of debt eliminated will be assessed. 

Amountt: $5,000.00 – $10,000.00 = 8% fee based on the amount of debt eliminated will be assessed. 

Amountt: $10,000.00 > = 7% fee based on the amount of debt eliminated will be assessed. 

NOTE: Regarding the above charged-off fee schedule, in the event of an original creditor Or Debt Buyer’s willful non-compliance, we will draft a notice of Intent to Sue. And there will be a charge of $200.00 for the attorney’s Letter of Representation.

B. Judgment – Litigation Process

SITUATION

You were served a Summons and Complaint, but the court hasn’t made a final decision / a judgment hasn’t been entered.

SUMMARY OF SERVICE

Compulsory Credit Reporting Agency (CRA) and creditor or collection company audits, including (1) draft and file Answer to the served complaint with the respective court. (2) A copy of your (filed) Answer will also be served on the plaintiff’s attorney (3) Negotiate an amicable lump sum or short-term pre-settlement funding agreement (4) Remove adverse credit reporting or have language appropriately adjusted.

SETTLED ITEM PRICING

10% fee based on the amount of debt eliminated will be assessed.

C. Post-Judgment

SITUATION

Due to not answering a served Complaint, a court has entered / awarded the creditor or debt buyer a default judgment.

SUMMARY OF SERVICE

Compulsory creditor or collection company audits, including (1) Drafting and forwarding debt negotiation correspondences to the respective party to solidify an amicable lump sum or short-term pre-settlement funding agreement, (2) Removing adverse credit reporting or having language appropriately adjusted.

SETTLED ITEM PRICING

9% fee based on the amount of debt eliminated will be assessed.

D. Auto Repossession

SITUATION

TWO YEARS OR OLDER

SUMMARY OF SERVICE

Compulsory CRA and creditor or collection company audits, including (1) Drafting and forwarding debt negotiation correspondences to the respective party to solidify an amicable lump sum or short-term pre-settlement funding agreement, (2) Removing negative credit reporting or have language appropriately adjusted.

NOTE: In the event of an original creditor or debt buyer’s willful noncompliance to the applicable statutes, we will draft on your behalf a Notice of Intent to Sue. Add $200.00 for attorneys’ Letters of Representation.

SETTLED ITEM PRICING

10% fee based on the amount of debt eliminated will be assessed.

Debt Settlement Payment Terms

A “Full and Final settlement” means you ask your creditors to let you pay a lump sum instead of the balance you owe on the debt. In return for a lump-sum payment, the creditor agrees to write off the rest of the debt. And this course of action can usually be spread over a 3-5 month period.