Have you heard of Alias Mae? If you have not heard of this company, then you have missed out on one of the best products to help you out of your problem. Not only is Alias Mae a good product but it also has some other great benefits to offer as well. However, you should realize that these products are not cheap so you will need to know the right way to go about purchasing them.
If you do not know, Alia Mae was launched in 1991 and is a legitimate debt settlement company. This company offers a credit-counseling program for their clients. Once a person has decided to work with this company, they can get a free counseling session with a credit counselor to help them make a decision. After the counseling session is over the person will pay a fee for the credit counselor to work with them. The money paid to this credit counselor will be used to help their clients get out of debt.
During the counseling session a credit counselor will take the person through a financial review of the situation. The counselor will make a recommendation to the client for how they can best get out of debt. In most cases the counselor will also recommend a financial advisor to help with the budget.
A credit counselor will usually begin working with their client as soon as they decide to work with Alia Mae. The credit counselor will then help their client to determine what they can afford to pay monthly to pay off their debts. The credit counselor will also get into the details of the different credit cards a person has to help them determine which card is right for their needs. If they are stuck between two credit cards and can not decide which card to pay off first, the credit counselor will then give the client a second opinion on which card is the better choice to pay off first.
After the client and credit counselor has determined the proper amount to be paid out each month, it is time to discuss what type of payment plan the client can use. There are two main types of plans that are available from Alia Mae; a fixed and an adjustable plan. When a credit counselor is working with a client, the first thing the credit counselor does is work out a monthly payment plan.
This is done so the credit counselor can get a feel for how much the monthly payment plan is going to cost the client. During the settlement process, the credit counselor may require the client to pay out a lump sum as part of the settlement. In many cases there will be a minimum monthly payment that must be made to start the payments. On the other hand, if the settlement is for a longer period of time the client may be required to pay out a flat amount each month or over the course of a year.
Once the monthly payment plan is agreed upon the client will be given a deadline by which they must pay the monthly payment plan. If the client does not meet the payment deadline by the specified time the credit counselor will inform the client of the failure and the debtor will lose their opportunity to try and pay off the debt. If a client can manage to pay off the monthly payment plan before the specified deadline then they will be allowed to keep the fees for the month.
If a person has a bad credit score the credit counselor will not charge the client any fees for the counseling sessions. If the client is unable to pay the monthly payment schedule after the first payment period then the credit counselor will then increase the charges for the next payment period and the client will be required to pay off the balance owed on the account.
