Sorry

Debbie

I located a company called Rise Above Debt which is rated a five star, member of BBB and comments by clients were excellent. I called them and spoke with the consultant, went thorough all bills that are paid monthly and net monthly income.

We went through a video which shows how the company works, plus he went through four options that were out there, but only one made sense because of the amount of debt and we did not want to file BK.

My case will be handled by Attorney Arbitration(not sure what he meant) but believe because of the large debt amount the attorney will be the one to write letters.

I am currently on time paying my cards, but can no longer afford to do this.

I received a print out which listed the following – Payment Date, Total Payment, Enrollment Fee, Service Fee, and Savings.

I will pay $1000 a month – $622 for Enrollment Fee – $250 for first two months for attorney****then $39 per month for admin. fee. The Savings column starts with me saving $128 and increases from there. I will pay $1000 for 54 months and at the end will have 45,000 in an account.

This company charges 13% interest on Total Debt Owed, Plus the service fee.

The consultant also explained how they go to the creditor and say how my client can afford to pay X amount of dollars will you accept this…

I don’t understand how this company is only charging me 13% of total debt owed when they haven’t negotiated with the company yet. My understanding is this company pays the company using their money, but what if the amount is more than what I am being charged.

I think, I am missing something and hope you can explain to me how this work. I don’t want to make a mistake when trying to get my finances in order.

Please help.

Thank you,

Debbie