This document provides information about Americans' high levels of credit card and other debt. It notes that in 2007, the average credit card debt per American was $9,840, and over 60% of credit card holders carry a monthly balance. It then discusses options for dealing with debt, including doing nothing, bankruptcy, debt consolidation loans, credit counseling, and debt settlement. It argues that debt settlement can eliminate 30-50% of unsecured debt and allow people to become debt free in 3-7 years, making it the fastest and least expensive option for most people facing financial hardship and unable to pay all their monthly debt obligations.

1. Financial Partner Presentation

2. The Facts
 2007 Average American credit card debt was
$9,840.00.
 There are more than 1.2 Billion Credit cards
in circulation today.
 More than 60% of Credit Card holders carry a
balance forward each month – this number is
growing.
 72% Americans believe that revolving debt is
a part of modern life and cannot be avoided.
(Source www.bankrate.com )

3. More Facts
 The Average American is experiencing
difficulty paying their debt
 Economy is in a Recession
 Consumer Debt is at Record Levels
 Most Americans have little or NO Equity in
their Homes
 Changes in the OCC Guidelines resulting in
higher minimum payments on all credit card
debt.
FOR MORE INFO.www.bankrate.com .

4. In the News
 B of A raises consumer rate, Blindsiding Consumers
 Chase – Decreases available
credit for no apparent reason
 American Express –
Offers $300.00 bonus to cardholders for
balance pay offs
 Capital One preys on most
vulnerable borrowers

5. America is MAXED OUT!

Maxed Out Trailer - Documentary by James D. Scurlock
Jun 27, 2006 - 01:17
Maxed Out Trailer: Americans are buying with plastic at a
staggering rate. From lattes to vacation packages, car payments
to home-equity loans, our reliance on credit is increasing. Even
t...
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Hate your Credit Card Bills? MAXED OUT - NOW ON DVD
Feb 6, 2007 - 02:15
Maxed Out takes viewers on a journey deep inside the
American style of debt, where things seem fine as long as the
minimum monthly payment arrives on time. With coverage that
spans from small ...
--

6. Why Debt Settlement?
 Example Based on $30,000.00 balance at
19.00% interest
Debt Settlement based on 55% settlement, all fees inclusive.
Consumer Counseling based on 10% rate over 60 months This example assumes
that NO additional charges are made!!
Pay Minimum Consumer
Counseling
Premier Debt
Solutions
$112,651.77 *** 59 years$112,651.77 *** 59 years
$42,500***5-7 years$42,500***5-7 years
$16,500***3 years$16,500***3 years

7. What is Debt Settlement?
 Debt Settlement is the fastest and least expensive way to get
out of debt. Often referred to as Debt Negotiation,
Debt Settlement is an alternative to Bankruptcy, Consumer
Credit Counseling and other third party intervention programs.
 Two Major benefits to Debt Settlement rather than Bankruptcy is
recovery in a shorter amount of time – to both credit and debt.
 Debt Settlement companies will negotiate with unsecured
creditors on behalf of the client to settle for an amount much
less than the balance owed.
 Industry Standards are between 40% and 60% reductions. In
return, the debtor will make a settlement payment for the
balance owed. Once the debt has been paid in full on the settled
amount, the creditor will issue a letter to the credit bureaus
stating the debt has been "Paid", "Settled", and/or "Settled for
less than full amount."

8. Who Qualifies for Debt Settlement
 Debt settlement programs are for people facing financial
HARDSHIP. This means people who are late on paying their
debts, have lost their job, had major life changes and are
experiencing difficulty paying their debts and may be facing a
possible bankruptcy.
 Debt Settlement is not designed to negotiate debts for people
who have reasonable means to pay off their debts. This
program is NOT for people who can meet their monthly debt
obligations.

9. Why would a Creditor
accept a Settlement?
 Simple – Something is better than Nothing!
 Oftentimes creditors are willing to settle the balance of debt
owed if the debtor is under financial hardship. Debt Settlement
is an excellent alternative to Bankruptcy and in the creditor’s
eyes if the debtor is under financial hardship and chooses to file
Bankruptcy the creditor would receive nothing.
 Debt Settlement professionals, working on your behalf, take
advantage of the leverage they have in this situation and
routinely eliminate 30-50% of the debtor’s unsecured debt.
 It’s a win-win situation for both sides in the sense that the
creditor is able to get some payment towards the balance owed,
and the debtor slashes his outstanding debt and avoids the long
and drawn out process of filing Bankruptcy
.

10. What Options are there?
 Do Nothing – Pay minimum
 If your rates are 25% or higher, it is practically impossible to
pay off your debt by making minimum payments unless you
pay at least 3% of the balance in minimum payments
monthly. Even then, it would take you over 35 years to pay
off your debt.
 At lower rates, it will still take 20 to 40 years to pay off your
debt with minimum payments with little room for obtaining
additional credit.
 If you've already stopped making payments, you are
destroying your credit while not resolving any of your debt in
the process.
!

11. Options
 Bankruptcy
 Both Chapter 7 and Chapter 13 bankruptcy represent a
severe negative impact on your credit for 7-10 years.
 Can cost up to $2,500 to file.
 May have a negative impact on your employment status.
 In a Chapter 13 filing, you may end up paying 75 - 100% of
your debt back.
 Chapter 7 is much more difficult to qualify for under the new
bankruptcy laws.
 May result in higher interest rates on future loans.
 Chapter 13 completion rates average only 32%.

12. Options
 Consolidation Loan
 Need to qualify first.
 Often requires ownership of Real Estate property or a
pledge of collateral.
 Home Equity loan reduces future equity available in
your property.
 Additional loan fees upon closing or is built into the
interest rates.
 Payback can be 10-20 -30 years depending on debt
balance and ability to pay back loan.
 You will pay back the full amount of credit card
balances plus interest.
 Bottom line: You are exchanging your unsecured debts
for a secured debt - a big risk.

13. Options
 Consumer Credit Counseling
 These companies are generally funded by the credit card
companies themselves.
 They are just another form of 'collection agency' they act as
a bill paying service of which a survey of credit counseling
companies showed that the average interest rate charged is
around 11%. Credit counseling may make sense in some
situations, but often they do not.
 They will consolidate your bills into one monthly payment
and lower interest rates.
 You'll end up paying back your full balance plus interest and
it will take 5-7 years
 Negative impact on your credit from 5 - 8 years.
 This is often viewed by lending institutions as similar to Chpt
13 BK

14. Options
 Premier Debt Solutions
 Debt Settlement is a better choice
 Rapidly becoming the top method for consumers with
financial hardships to get rid of problem debt.
 We are independent and not affiliated with your creditors,
and thus, are working for your best interests.
 Client's debt is paid off in anywhere from 18 - 36 months
depending on cash availability..
 We have a solid plan and In-House Negotiators to settle
debt for less than the principal balance.
 Total cost of program may be significantly less than credit
counseling for those that complete the program.
 We are TASC Accredited – working to promote good
practice in the debt settlement industry, protect the interests
of consumer debtors, and lobby on behalf of debt settlement
companies on the federal and state level.

15. Debt Settlemen vs. other programs
 Example Based on $30,000.00 balance at
19.00% interest
Debt Settlement based on 55% settlement, all fees inclusive.
Consumer Counseling based on 10% rate over 60 months
Pay Minimum Consumer
Counseling
Premier Debt
Solutions
$112,651.77 *** 59 years$112,651.77 *** 59 years
$42,500***5-7 years$42,500***5-7 years
$16,500***3 years$16,500***3 years

16. About us
 Premier Consultants have combined financial and Mortgage
experience in excess of 23 years.
 Your clients will be treated with respect, we understand it is
a difficult discussion for many.
 We understand your side of the business and know how
difficult it is when your customers call you for help and
guidance – and you cannot help them due to the market
conditions, excessive debt and credit issues.
 Premier Debt Solutions is partnered with a National Debt
Settlement company who has been in business for over 7 years
and is owned and operated by an attorney.
 Strength in Underwriting and Negotiations
 TASC accredited

17. About us
 We will Evaluate and Educate each client individually
on the three to five options they may be eligible for
 We will Disclose to your customer the cost and time
their debt settlement will require.
 Our Program allows your client to be out of debt in
12-36 months!
 We are a member of the Nationally recognized
Association of Settlement Companies (TASC)
FOR MORE INFO.. www.tacssite.org

18. Value
 As a valuable financial advisor, you have a solutions and
resource for those clients who may be debt and credit
challenged.
 They will remember who helped them in their time of financial
stress.
 Refer them to Premier Debt Solutions, we will assist them in
getting back on track…..
…Living Life ,Debt Free