Testimonial

Debt Negotiation Testimonial DNA is the only place where I refer my associates. Not only do they settle debt but their associates restore your credit rating free of charge. This is a program that can't be beat.
-Jack Marlowe

Testimonial

Debt Negotiation Testimonial Debt Negotiation Associates is a premier debt settlement company. The service and assistance that they have given my clients is unsurpassed. If your looking to settle your debt DNA is the place to Go!
-Brad King

Address:

12995 S. Cleveland Ave. Ste. 245, Fort Myers, FL 33907

Tele: 239.628.1234
Toll free: 877.455.1222

FREQUENTLY ASKED QUESTIONS:

Debt Negotiation Associates has two very distinct programs, accelerated debt settlement (lump sum) and structured debt settlement (2 – 4 year).

In many cases people often have questions about debt settlement or debt negotiation. We have provided answers to the most commonly asked questions below. It is important to remember that your particular situation is unique and that every question that you may have might not be answered here. To get your personalized consultation please call us or fill in the form to the left so that we can give you the best possible outcome.

Questions Accelerated Program (Lump Sum):

1.	AM I A CLEAR CANDIDATE FOR THE DNA PROGRAM?
	ANSWER)- THE DEBT SPECIALISTS AT DNA ARE HAPPY TO ANSWER YOUR QUESTIONS REGARDING THE FIT WITH YOUR DEBT SETTLEMENT PROGRAM. FOR EXAMPLE: IF YOU ARE CONFUSED ABOUT YOUR BILLING STATEMENT AND POSSIBLY BEHIND, LATE, AND IN DEFAULT OF CREDIT CARD OBLIGATIONS; DNA’S PROGRAMS MAY BE THE BEST OPTION FOR YOU. BY CONSULTING WITH A SPECIALIST, WE CAN FIND SOLUTIONS FOR YOUR DEBT SITUATION.
2.	WHAT INFORMATION DO YOU NEED TO DETERMINE IF I QUALIFY FOR YOUR PROGRAM?
	ANSWER)- DNA WILL ONLY NEED THE BALANCE, THE FULL ACCOUNT NUMBER, YOUR FIRST AND LAST NAME, AND THE CREDITORS NAMES ON ALL OF YOUR CREDIT CARD AND UNSECURED STATEMENTS. YOU WILL NOT NEED ANY INCOME DOCUMENTATION OR EQUITY TO QUALIFY. YOU MUST DISPUTE THE DEBT FOR ANY RESASON (INCLUDING THE EXACT AMOUNT OWED) AND DISPUTE THE NEGATIVE REPORTING IF APPEARING ON YOUR CREDIT REPORT.
3.	HOW WILL MY CREDIT BE AFFECTED IF I TAKE ADVANTAGE OF DNA’S (LUMP SUM) ACCELERATED STRUCTURED PROGRAM?
	ANSWER)- DNA ALSO OFFERS AN ELITE PORGRAM WHICH IS THE ACCELERANT PROGRAM (LUMP SUM). OUR ACCELERANT PROGRAM INLCUDES A SETTLEMENT WITH AN ATTACHED LEGAL STIPULATION WHICH IS CONDITIONAL TO THE REMOVAL OF THE NEGATIVE CREDIT HISTORY OFF OF THE CREDIT REPORT. SO IT’S NOW POSSIBLE TO SETTLE YOUR DEBT AND LEGALLY HAVE THE NEGATIVE CREDIT HISTORY REMOVED FROM YOUR CREDIT REPORT FOR THAT PARTICULAR CREDIT ACCOUNT.
4.	HOW LONG WILL IT TAKE TO COMPLETE THE DNA PROGRAM?
	ANSWER)– IN DNA’S LUMP SUM PROGRAM ACCELERANT PROGRAM THE CLIENT PAYS A ONE TIME UPFRONT FEE AND WE DO THE WORK TO SETTLE ON THE DEBT. THE ACCELERANT PROGRAM USUALLY TAKES 4-5 MONTHS TO LEGALLY SETTLE THE DEBT. SHOULD WE MENTION THAT IT MAY TYPICALLY TAKE CRB 4-5 MONTHS AFTER TO HAVE THE NEGATIVE REPORT REMOVED OFF THE CREDIT REPORT AS AGREED IN THE SETTLEMENT.
5.	WHAT IF ACCOUNTS WON’T SETTLE? WILL THEY SUE?
	ANSWER)- CREDITORS DO HAVE THE LEGAL RIGHT TO PURSUE A DEBTOR IN COURT OF LAW TO COLLECT A DEBT. USUALLY THIS IS A LAST RESORT AFTER MUCH EFFORT TO COLLECT THE DEBT WITHOUT RESPONSE OR SATISFACTION. TAKING A CLIENT TO COURT IS A COSTLY AND TIME-CONSUMING ACTIVITY WHICH MOST CREDITORS WOULD PREFER TO AVOID IF GIVEN AN ALTERNATIVE. IF A CREDITOR DOES TAKE LEGAL ACTION, WE CONTINUE TO TRY AND NEGOTIATE A SETTLEMENT OR PAYMENT PLAN. WHILE WE DO NOT OFFER LEGAL ADVICE AND CANNOT APPEAR IN COURT ON YOUR BEHALF, WE CAN CONTINUE THE NEGOTIATION PROCESS.
6.	HOW DO YOU GET PAID?
	ANSWER)- DNA’S (LUMP SUM) ACCELERANT PROGRAM IS DESIGNED FOR OUR CLIENTS TO PAY DNA 30%-35% OF THE TOTAL DISPUTED DEBT. DNA WORKS DILIGENTLY TO SETTLE THE DEBT AND ONCE THE CREDITOR ACCEPTS DNA’S SETTLEMENT OFFER; DNA’S FEE IS THE REMAINDER OF THE 30%-35% FOR THE EARMARKED DEBT. A SELECTED EXAMPLE OF A PORTFOLIO AT 30%: CREDIT CARD DEBT- $10,000 CLIENT PAYS DNA- $3,000 (30%) ACCEPTED SETTLEMENT OFFER- $2,200 DNA’S FEE IS- $800
7.	CAN I NEGOTIATE MY CREDIT CARDS MYSELF?
	ANSWER)- ABSOLUTELY. YOU CAN CONTACT YOUR CREDITORS AND SEE IF THEY WILL NEGOTIATE YOUR DEBT THE SAME WAY WE ARE GOING TO DO IT. SO WHY HIRE US? ANSWER)- IN DNA’S ACCELERATION PROGRAM; CLIENTS CAN SAVE UPWARDS OF 90% OVER A ONE YEAR PAYOUT DEPENDING ON CREDITOR/COLLECTOR INTEREST RATIO. THIS DEBT SETTLEMENT PROGRAM IS DESIGNED AS A ONETIME LUMP SUM PAYMENT TO THE CREDITOR. IF DEBT NEGOTIATION ASSOCIATES CAN’T SETTLE YOUR DEBT WITHIN THE TERMS OF OUR AGREEMENT, YOU GET 100% OF YOUR MONEY BACK FOR EACH EARMARKED DEBT THAT DEBT NEGOTIATION ASSOCIATES WAS UNABLE TO SETTLE.
8.	HOW DOES DEBT SETTLEMENT SERVICES WORK?
	ANSWER)- IN DNA’S ACCELERANT PROGRAM, CLIENTS CAN SAVE UPWARDS OF 90% OVER A ONE YEAR PAYOUT DEPENDING ON CREDITOR/COLLECTOR INTEREST RATIO. THIS DEBT SETTLEMENT PROGRAM IS A ONETIME LUMP SUM PAYMENT TO THE CREDITOR, SUBJECT TO THE TERMS AND CONDITIONS OF OUR AGREEMENT. OUR CLIENTS PAY US 30 CENTS ON THE DOLLAR AND WE DO THE WORK TO SETTLE THE DEBT. WE WORK ON ALL OF THIS AND THE 30-35 CENTS ON THE DOLLAR INCLUDES OUR FEES. INCLUDED ALSO, IS A LEGAL STIPULATION WHICH IS CONDITIONAL TO THE REMOVAL OF THE NEGATIVE CREDIT REPORTING FOR THE PATICULAR TRADELINE. WE WORK DILIGENTLY TO NEGOTIATE SETTLEMENTS WITH EVERY ONE OF YOUR CREDITORS SO THAT YOU ARE TOTALLY DEBT FREE OF ALL THE ACCOUNTS INCLUDED IN YOUR PROGRAM. IF DEBT NEGOTIATION ASSOCIATES CAN’T SETTLE YOUR DEBT WITHIN THE TERMS OF OUR AGREEMENT, YOU GET 100% OF YOUR MONEY BACK FOR EACH EARMARKED DEBT THAT DEBT NEGOTIATION ASSOCIATES WAS UNABLE TO SETTLE.
9.	HOW DO WE DIFFER FROM OTHER COMPETITORS?
	ANSWER)- THIS INDUSTRY IS RELATIVELY NEW AND MANY OF THE PLAYERS IN THIS BUSINESS ARE SMALL AND UNSOPHISTICATED. OUR TEAM HAS A LONG HISTORY IN FINANCIAL SERVICES AND IN SUCCESSFUL DEBT NEGOTIATION SETTLEMENTS. THE TWO MOST IMPORTANT DIFFERENCES WITH OUR SERVICES RELATIVE TO OUR COMPETITORS ARE, FIRST WE WILL PROVIDE YOU WITH AN HONEST ASSESSMENT OF YOUR SITUATION. IF DNA DOES NOT THINK OUR PROGRAM IS RIGHT FOR YOU, WE WILL LET YOU KNOW. THE SECOND THING IS OUR ETHICAL STANDARDS ARE AMONG THE HIGHEST IN THE INDUSTRY.
10.	WHY DO YOU NEED TO SEE MY STATEMENTS?
	ANSWER)- THE FULL AND ACCURATE ACCOUNT NUMBERS ARE ESSENTIAL IN SETTLING THE DEBT OF THAT ACCOUNT. WE ALSO NEED TO SEE THE MOST RECENT AND CREDITOR ALLEGED OUTSTANDING BALANCE FOR EACH ACCOUNT.
11.	DO YOU STOP CREDITORS FROM HARASSING ME?
	ANSWER)- ACCORDING TO THE EXPERTS AT CREDIT RESTORATION BROKERS, DNA’S SERVICES DO SEVERAL THINGS TO MINIMIZE ANY HARASSMENT THAT YOU CURRENTLY RECEIVE, OR MAY RECEIVE FROM YOUR CREDITORS. THE FIRST THING THAT DNA DOES IS CONTACT THE CREDITOR AND INFORMS THEM OF THE DISPUTED ACCOUNT WHICH DNA SEEKS TO RESOLVE. DNA ALSO INCLUDES THE SENDING OF CEASE AND DESIST FORMS TO ALMOST ALL OF YOUR CREDITORS. THIS MAY HALT SOME CREDITOR HARASSMENT IMMEDIATELY. DNA ALSO PROVIDES TO YOU AN EASY TO USE SCRIPT THAT YOU CAN USE TO QUICKLY GET OFF THE PHONE. ALSO, PLEASE FORWARD ALL CREDITORS WRITTEN CONTACT TO DNA’S OFFICE BY MAIL, FAX, OR E-MAIL.
12.	HOW ARE YOU ABLE TO NEGOTIATE WITH CREDITORS?
	ANSWER)- ACCORDING TO THE EXPERTS AT CREDIT RESTORATION BROKERS “CREDITORS KNOW THAT WITH DNA REPRESENTING YOU IT IS VERY DIFFICULT FOR CREDITORS TO SUCCESSFULLY USE THEIR INTIMIDATING TACTICS TO COLLECT ON THEIR DELINQUENT UNSECURED ACCOUNTS, WHICH IS WHY THEY ARE WILLING TO SETTLE THE DEBT IN QUESTION”. DNA DEALS WITH A VOLUME OF PEOPLE; DNA MAKES THE PROCESS EFFICIENT AND ECONOMICALLY BENEFICIAL FOR CREDITORS.
13.	ARE THERE EXCLUSIONS ON CERTAIN TYPES OF DEBT?
	ANSWER)- YES, WE CANNOT INCLUDE SECURED DEBT OF ANY KIND, INCLUDING AUTO LOANS (IF YOU STILL HAVE THE CAR), MORTGAGES (IF THE MORTGAGE LIEN IS STILL IN YOUR NAME), CHILD SUPPORT, ALIMONY DEBTS, FEDERAL TAX LIENS, STUDENT LOANS, PAYDAY ADVANCES, CURRENT PUBLIC UTILITY BILLS, AND MILITARY ACCOUNTS. HOWEVER, WE CAN ACCEPT MOST TYPES OF UNSECURED DEBT. THIS INCLUDES CREDIT CARD ACCOUNTS, DEPARTMENT STORE CARDS, PERSONAL LOANS, MEDICAL BILLS, AND ACCOUNTS WITH COLLECTION AGENCIES, POST AUTO REPOSESSION, POST FORECLOSURE, UNSECURED BUSINESS LOANS, AND MORE.
14.	WHAT IS THE EFFECT ON MY TAXES?
	ANSWER)- WE ARE NOT AN ACCOUNTING FIRM AND THIS SHOULD NOT BE VIEWED AS TAX ADVICE TO ANY SAME PERSON., SO FOR ADVICE, PLEASE TALK TO A PROFESSIONAL ACCOUNTANT ON THIS MATTER. IN SOME INSTANCES, THE CREDITOR WILL DEDUCT THE LOSS AS AN EXPENSE, IN WHICH CASE YOU MUST RECORD IT AS INCOME. IF THE CREDITOR IS EXPENSING THE LOST DEBT, YOU SHOULD GET A FORM 1099 FROM THE CREDITOR AND YOU MUST FILE WITH YOUR INCOME TAX RETURN. HOWEVER, MOST OF OUR CLIENTS ARE TECHNICALLY INSOLVENT (MEANING ASSETS, LIABILITIES). IF THIS IS THE CASE, YOU CAN FILE A FORM 982 WITH YOUR TAX RETURN AND EXCLUDE THE DISCHARGED DEBT FROM YOUR INCOME. IN ORDER TO MAKE SURE YOU QUALIFY FOR THE FORM 982 EXEMPTIONS PLEASE VISIT WWW.IRS.GOV, OR SPEAK WITH AN ACCOUNTANT.
15.	WILL I BE ABLE TO TAKE OUT A LOAN WHILE ON THE PROGRAM?
	ANSWER)- NO, YOU WILL NOT BE ABLE TO TAKE OUT A LOAN UNTIL ALL OF YOUR DEBTS ARE SETTLED.
16.	DO ALL CREDITORS SETTLE?
	ANSWER)- ASSUMING THAT YOU MEET OUR CRITERIA AND ARE ABLE TO ACCUMULATE SETTLEMENT FUNDS, CREDITORS WILL ALMOST ALWAYS BE WILLING TO SETTLE YOUR UNSECURED DEBTS. THE AMOUNT THAT THEY AGREE TO SETTLE UPON VARIES DEPENDING ON THE CREDITOR AND ON YOUR PARTICULAR SITUATION.
17.	I HAVE READ THAT DEBT SETTLEMENT IS BAD FOR CONSUMERS AND THAT IT IS AS BAD AS BANKRUPTCY ON YOUR CREDIT REPORT?
	ANSWER)- ACCORDING TO THE EXPERTS AT CREDIT RESTORATION BROKERS LLC , “A LOT OF WHAT YOU READ IS NEGATIVE PUBLICITY CREATED BY THE CREDIT CARD COMPANIES WHO WANT TO LIMIT THE NUMBER OF PEOPLE WHO USE THIS SERVICE (FOR OBVIOUS REASONS). DNA USES A QUALIFICATION PROCESS TO DETERMINE IF YOU ARE AN IDEAL CANDIDATE FOR OUR PROGRAM AND WE WILL LET YOU KNOW IF YOU ARE NOT. IT IS ABSOLUTELY UNTRUE THAT DEBT SETTLEMENT IS AS BAD AS BANKRUPTCY ON YOUR CREDIT REPORT. BANKRUPTCY STAYS ON YOUR CREDIT REPORT FOR 10 YEARS. WITH DEBT SETTLEMENT, YOU MAY BE ELIGIBLE FOR A LOAN WITH SOME CREDITORS IMMEDIATELY UPON COMPLETION OF THE PROGRAM WHICH CAN DEPEND ON HOW QUICKLY YOU COMPLETE THE PROGRAM”.
18.	SHOULD I TELL MY CREDITORS THAT I AM THINKING OF JOINING THIS PROGRAM?
	ANSWER)- ACCORDING TO THE EXPERTS AT CREDIT RESTORATION BROKERS “IT IS ENCOURAGED THAT YOU NOT DISCUSS THIS WITH YOUR CREDITORS UNTIL YOU ARE OFFICIALLY ENROLLED. UNTIL DNA’S PREPARED YOUR SIGNED CEASE AND DESIST LETTERS, DNA WILL NOT HAVE A CHANCE TO COMMUNICATE WITH YOUR CREDITORS AND TO START TO PURSWAY THE CREDITORS TO/GET OFF YOUR BACKS. SO IT IS BETTER NOT TO MENTION ANYTHING TO THEM UNTIL DNA HAS ACCEPTED YOUR APPLICATION. ONCE YOU OFFICIALLY ENROLL IN YOUR PROGRAM, WE WILL GIVE YOU SPECIFIC INSTRUCTIONS ON HOW TO DEAL WITH YOUR CREDITORS IF THEY DO CONTINUE TO CALL. HOWEVER, THE BEST ADVICE IS TO SHARE NOTHING WITH YOUR CREDTIORS, THAT THEY (THE CREDITORS) MAY TURN AROUND AND ATTEMPT TO USE AGAINST YOU.”
19.	IS DEBT SETTLEMENT LEGAL AND ETHICAL?
	ANSWER)- YES. DEBT SETTLEMENT IS A LEGAL AND ETHICAL PROCESS WHEREBY UNSECURED DEBTS ARE SATISFIED FOR LESS THAN THE PRINCIPAL BALANCE. IT’S A SERVICE THAT THOUSANDS OF PEOPLE TAKE ADVANTAGE OF IN ORDER TO GET BACK ON FINANCIAL TRACK.
20.	DO I HAVE TO ENROLL ALL OF MY CREDIT CARDS?
	ANSWER)- NO, YOU CAN CHOOSE THE CARDS THAT YOU WANT TO ENROLL. HOWEVER, YOU SHOULD BE AWARE OF THE FOLLOWING: ONCE A CARD HAS BEEN ENROLLED INTO THE SERVICE THE CREDIT CARD COMPANY WILL CANCEL THAT CARD AND CLOSE THE ACCOUNT. IF YOU HAVE MULTIPLE CARDS FROM THE SAME LENDING INSTITUTION, THE LENDING MAY CLOSE THE OTHER ACCOUNTS AND/ OR REDUCE THE REMAINING CREDIT LIMITS.
21.	HOW DOES DNA COMPARE TO CONSUMER CREDIT COUNSELING (CCC)?
	ANSWER)- THERE ARE TWO IMPORTANT DISTINCTIONS BETWEEN OUR PROGRAM AND CONSUMER CREDIT COUNSELING. THE FIRST THING IS WE WORK FOR YOU WHEREAS CCC GETS PAID BY THE CREDITORS. THE SECOND THING IS OUR PROGRAM WILL SAVE YOU ABOUT HALF YOUR MONEY WHEREAS WITH CCC YOUR DEBT MAY STAY ABOUT THE SAME. ANOTHER POINT TO CONSIDER IS THAT BEING OUT OF DEBT IN MONTHS IS WAY MORE EXCITING THAN THE ALTERNATIVE OF THE CCC’S MAY TAKE 5 YEARS OR MORE TO GET YOU OUT OF DEBT… OUCH!
22.	WHAT IF I FILE FOR BANKRUPTCY?
	ANSWER)- CHAPTER 7 (ACCORDING TO CRB)- i. WHILE THIS OPTION MIGHT MEET SOME INDIVIDUAL NEEDS THE CREDIT REPERCUSSIONS ARE GREAT. A BANKRUPTCY STAYS ON YOUR CREDIT REPORT FOR 10 YEARS AND SHOULD ONLY BE LOOKED AT AS A LAST OPTION. FORTUNATELY FOR OUR CLIENTS OUR DEBT CONSULTATION INCLUDES A FREE BANKRUPTCY ANALYSIS. HOWEVER, LEGAL ADVICE IS NOT GIVEN. IF DNA BELIEVES THAT BANKRUPTCY WOULD BE THE BEST OPTION FOR THE CLIENT, THEN DNA WILL REFER THE CLIENT TO AN APPROVED BANKRUPTCY ATTORNEY THAT HAS ESTABLISHED TO DNA’S CERTAINTY THAT; THE BANKRUPTCY ATTORNEY WILL RESPONSIBLY WILL ADDRESS THE PROPER CREDIT CARE FOR THE BANKRUPTCY CLIENT. (SEE WARNING BELOW) WARNING: THERE ARE ETHICAL BANKRUPTCY ATTORNEYS AND THERE ARE UNETHICAL BANKRUPTCY ATTORNEYS (JUST LIKE DEBT AND CREDIT SPECIALISTS, LOAN OFFICERS, COPS, POLITITIANS, ETC…). IN OUR OPINION BANKRUPTCY ATTORNEYS CAN AVOID APPEARING LAZY BY PROVIDING THE FOLLOWING TO CLIENTS: • BANKRUPTCY ATTORNEYS SHOULD NOT JUST NOTIFY THE COURTS OF THE CLIENT'S CREDITOR LIST. BANKRUPTCY ATTORNEYS SHOULD ALSO NOTIFY THE CREDIT BUREAUS OF THE CLIENT'S CREDITOR LIST AND PROVIDE YOU COPIES OF CORRESPONDENCE TO ENSURE YOUR CREDIT ISN’T MIS-MANAGED. • BANKRUPTCY ATTORNEYS SHOULD ALSO ADVISE AND ASISST YOU WITH OPENING AND OR KEEPING 3 CREDIT REPORTING ACCOUNTS OPEN (THAT WON’T BE INCLUDED IN YOUR BANKRUPTCY). THIS GIVES YOU THE OPPURTUNITY TO HAVE 700 SCORES AFTER YOUR BANKRUPTCY. THIS ALSO MAY PREVENT YOU FROM BEING TURNED DOWN FOR FUTURE LOANS (BY HAVING A CONTINUUM OF CREDIT AND HAVING 3 ACCOUNTS CONTINUALLY OPEN, MANY CREDITORS WILL QUALIFY YOU FOR LOANS AS OPPOSED TO DISQUALIFYING YOU FOR “INSUFFICIENT CREDIT”). BANKRUPTCY NOT ONLY AFFECTS YOUR CREDIT BUT MAY EVEN AFFECT YOUR ABILITY TO SECURE CERTAIN JOB PROMOTIONS, POSITIONS, OR TO RETAIN CERTAIN STATE OCCUPATIONAL LICENSES. FILING BANKRUPTCY ALSO INCLUDES POSSIBLE SIGNIFICANT UP FRONT COSTS FOR A LAWYER TO REPRESENT YOU IN A BANKRUPTCY COURT. THIS PROGRAM DOES NOT GUARANTEE ACCEPTANCE EVEN AFTER PAYMENT OF YOUR LAWYER’S FEES. CHAPTER 13- THIS DEBT OPTION IS FOR 5 OR MORE YEARS, WHILE OUR PROGRAM IS BETWEEN 2-4 YEARS WITH SIMILAR MONTHLY PAYMENTS. LIKE A CHAPTER 7, CREDIT REPERCUSSIONS MAY BE SIGNIFICANT. A CHAPTER 13 BANKRUPTCY IS DESIGNED TO STAY ON YOUR CREDIT FOR UP TO 10 YEARS AFTER THE DISCHARGE DATE AND THIS SHOULD ONLY BE LOOKED AT AS A LAST OPTION. THIS OPTION MAY ALSO REQUIRE SIGNIFICANT UP FRONT COSTS.

Questions Structured Program (2 - 4 year):

1.	AM I A CLEAR CANDIDATE FOR THE DNA PROGRAM?
	ANSWER)- THE DEBT SPECIALISTS AT DNA ARE HAPPY TO ANSWER YOUR QUESTIONS REGARDING THE FIT WITH YOUR DEBT SETTLEMENT PROGRAM. FOR EXAMPLE: IF YOU ARE CONFUSED ABOUT YOUR BILLING STATEMENT AND POSSIBLY BEHIND, LATE, AND IN DEFAULT OF CREDIT CARD OBLIGATIONS; DNA’S PROGRAMS MAY BE THE BEST OPTION FOR YOU. BY CONSULTING WITH A SPECIALIST, WE CAN FIND SOLUTIONS FOR YOUR DEBT SITUATION.
2.	WHAT INFORMATION DO YOU NEED TO DETERMINE IF I QUALIFY FOR YOUR PROGRAM?
	ANSWER)- DNA WILL ONLY NEED THE BALANCE, THE FULL ACCOUNT NUMBER, YOUR FIRST AND LAST NAME, AND THE CREDITORS NAMES ON ALL OF YOUR CREDIT CARD AND UNSECURED STATEMENTS. YOU WILL NOT NEED ANY INCOME DOCUMENTATION OR EQUITY TO QUALIFY. ALSO LET US KNOW IF YOU FEEL THAT YOU'VE BEEN UNFAIRLY BILLED, AS WELL.
3.	HOW WILL MY CREDIT BE AFFECTED IF I TAKE ADVANTAGE OF DNA’S 2-4 YEAR STRUCTURED PROGRAM?
	ANSWER)- ACCORDING TO THE EXPERTS AT CREDIT RETORATION BROKERS YOUR CREDIT WILL DEFINITELY BE NEGATIVELY AFFECTED DURING THE RE-PAYMENT PROGRAM. INACCURICIES THAT ARE REPORTED AFTERWARDS CAN LEGALLY BE CLEARED UP BY A REPUTABLE CREDIT COMPANY.
4.	HOW LONG WILL IT TAKE TO COMPLETE THE DNA PROGRAM?
	ANSWER)– THIS PROGRAM IS DESIGNED TO TAKE 2 TO 4 YEARS TO COMPLETE. THIS IS A DISTINCT ADVANTAGE COMPARED TO OTHER DEBT MANAGEMENT OPTIONS WHICH CAN TAKE LONGER.
5.	WHAT IF ACCOUNTS WON’T SETTLE? WILL THEY SUE?
	ANSWER)- CREDITORS DO HAVE THE LEGAL RIGHT TO PURSUE A DEBTOR IN COURT OF LAW TO COLLECT A DEBT. USUALLY THIS IS A LAST RESORT AFTER MUCH EFFORT TO COLLECT THE DEBT WITHOUT RESPONSE OR SATISFACTION. TAKING A CLIENT TO COURT IS A COSTLY AND TIME-CONSUMING ACTIVITY WHICH MOST CREDITORS WOULD PREFER TO AVOID IF GIVEN AN ALTERNATIVE. IF A CREDITOR DOES TAKE LEGAL ACTION, WE CONTINUE TO TRY AND NEGOTIATE A SETTLEMENT OR PAYMENT PLAN. WHILE WE DO NOT OFFER LEGAL ADVICE AND CANNOT APPEAR IN COURT ON YOUR BEHALF, WE CAN CONTINUE THE NEGOTIATION PROCESS.
6.	HOW DO YOU GET PAID?
	ANSWER)– IN THE 2-4 YEAR STRUCTURED PROGRAM OUR FEES COME OUT OF YOUR MONTHLY PAYMENT. OUR PROGRAM IS DESIGNED FOR YOU TO PAY A TOTAL OF 55% OF YOUR DEBT. TYPICALLY 40% GOES TO THE CREDITOR AND 15% STAYS HERE AT DNA. WE COLLECT OUR 15% FEES IN FULL DURING THE FIRST 12-18 MONTHS. DNA CHARGES A $24.95 MONTHLY MAINTENANCE FEE. THE GOOD NEWS FOR YOU IS THAT THERE IS ZERO UP FRONT FEES AND THERE ARE NO ADDITIONAL CHARGES OR FEES.
7.	CAN I NEGOTIATE MY CREDIT CARDS MYSELF?
	ANSWER)- ABSOLUTELY. YOU CAN CONTACT YOUR CREDITORS AND SEE IF THEY WILL NEGOTIATE YOUR DEBT THE SAME WAY WE ARE GOING TO DO IT. SO WHY HIRE US? ANSWER)- WELL THE SAME REASON YOU HIRE OTHERS TO DO WORK FOR YOU. FIRST, IT IS A VERY STRESSFUL PROCESS DEALING WITH CREDITORS YOU OWE MONEY TOO. CREDITORS AND COLLECTION AGENCIES MAY CALL YOU MORE FREQUENTLY IF YOU ATTEMPT A NEGOTIATION PLAN BY YOURSELF. BY HIRING A THIRD PARTY THIS CAN TAKE AWAY SOME OF THE STRESS. SECOND, WE ARE GOOD AT WHAT WE DO. THIS IS OUR JOB, SO WE DO IT EVERY DAY. WE USE OUR EXPERIENCE TO NEGOTIATE ON YOUR BEHALF. IT IS VERY IMPORTANT TO UNDERSTAND WHAT WE DO AND THAT YOU FEEL COMFORTABLE WITH US. WE ARE GOING TO BE WORKING WITH YOU FOR 2-4 YEARS!
8.	HOW DOES DEBT SETTLEMENT SERVICES WORK?
	ANSWER)- WE FIRST QUALIFY YOU FOR THE PROGRAM. IF YOU QUALIFY, WE ENROLL YOU INTO THE DEBT REDUCTION PROGRAM. AT ENROLLMENT, WE SET UP A BANK ACCOUNT IN YOUR NAME WITH AN FDIC INSURED ESCROW WAREHOUSE BANK, WHERE YOU WILL BE MAKING YOUR MONTHLY PAYMENTS. YOUR MONTHLY PAYMENT INTO YOUR SETTLEMENT ACCOUNT COULD BE SIGNIFICANTLY LOWER THAN YOUR OLD MONTHLY MINIMUMS. THE FUNDS ARE ACTUALLY AUTOMATICALLY SET UP TO TRANSFER FROM YOUR EXISTING CHECKING ACCOUNT AND DEPOSITED INTO YOUR NEW SETTLEMENT ACCOUNT. WHEN THE FUNDS ACCUMULATE, MONTH BY MONTH, OUR EXPERTS CONTINUALLY COMMUNICATE WITH EACH OF YOUR CREDITORS ONE BY ONE TO NEGOTIATE SETTLEMENTS. WE ARE ABLE TO QUALIFY YOU FOR THESE SETTLEMENTS DUE TO OUR SHEER VOLUME OR BUSINESS REALTIONSHIPS, AND OR KNOWLEDGE OF THE CREDITORS’ OWN PROCESSES. THEN OVER THE NEXT 2-4 YEARS, WE WILL WORK DILIGENTLY TO NEGOTIATE SETTLEMENTS WITH EVERY ONE OF YOUR CREDITORS SO THAT YOU ARE TOTALLY DEBT FREE OF ALL THE ACCOUNTS INCLUDED IN YOUR PROGRAM.
9.	HOW DO WE DIFFER FROM OTHER COMPETITORS?
	ANSWER)- THIS INDUSTRY IS RELATIVELY NEW AND MANY OF THE PLAYERS IN THIS BUSINESS ARE SMALL AND UNSOPHISTICATED. OUR TEAM HAS A LONG HISTORY IN FINANCIAL SERVICES AND IN SUCCESSFUL DEBT NEGOTIATION SETTLEMENTS. THE TWO MOST IMPORTANT DIFFERENCES WITH OUR SERVICES RELATIVE TO OUR COMPETITORS ARE, FIRST WE WILL PROVIDE YOU WITH AN HONEST ASSESSMENT OF YOUR SITUATION. IF DNA DOES NOT THINK OUR PROGRAM IS RIGHT FOR YOU, WE WILL LET YOU KNOW. THE SECOND THING IS OUR ETHICAL STANDARDS ARE AMONG THE HIGHEST IN THE INDUSTRY.
10.	WHY DO YOU NEED TO SEE MY STATEMENTS?
	ANSWER)- THE FULL AND ACCURATE ACCOUNT NUMBERS ARE ESSENTIAL IN SETTLING THE DEBT OF THAT ACCOUNT. WE ALSO NEED TO SEE THE MOST RECENT AND CREDITOR ALLEGED OUTSTANDING BALANCE FOR EACH ACCOUNT.
11.	DO YOU STOP CREDITORS FROM HARASSING ME?
	ANSWER)- ACCORDING TO THE EXPERTS AT CREDIT RESTORATION BROKERS, DNA’S SERVICES DO SEVERAL THINGS TO MINIMIZE ANY HARASSMENT THAT YOU CURRENTLY RECEIVE, OR MAY RECEIVE FROM YOUR CREDITORS. THE FIRST THING THAT DNA DOES IS CONTACT THE CREDITOR AND INFORMS THEM OF THE DISPUTED ACCOUNT WHICH DNA SEEKS TO RESOLVE. DNA ALSO INCLUDES THE SENDING OF CEASE AND DESIST FORMS TO ALMOST ALL OF YOUR CREDITORS. THIS MAY HALT SOME COLLECTOR HARASSMENT IMMEDIATELY. DNA ALSO PROVIDES TO YOU AN EASY TO USE SCRIPT THAT YOU CAN USE TO QUICKLY GET OFF THE PHONE. ALSO, PLEASE FORWARD ALL CREDITORS WRITTEN CONTACT TO DNA’S OFFICE BY MAIL, FAX, OR E-MAIL.
12.	HOW ARE YOU ABLE TO NEGOTIATE WITH CREDITORS?
	ANSWER)- ACCORDING TO THE EXPERTS AT CREDIT RESTORATION BROKERS “CREDITORS KNOW THAT WITH DNA REPRESENTING YOU IT IS VERY DIFFICULT FOR CREDITORS TO SUCCESSFULLY USE THEIR INTIMIDATING TACTICS TO COLLECT ON THEIR DELINQUENT UNSECURED ACCOUNTS, WHICH IS WHY THEY ARE WILLING TO SETTLE THE DEBT IN QUESTION”. DNA DEALS WITH A VOLUME OF PEOPLE; DNA MAKES THE PROCESS EFFICIENT AND ECONOMICALLY BENEFICIAL FOR CREDITORS.
13.	ARE THERE EXCLUSIONS ON CERTAIN TYPES OF DEBT?
	ANSWER)- YES, WE CANNOT INCLUDE SECURED DEBT OF ANY KIND, INCLUDING AUTO LOANS (IF YOU STILL HAVE THE CAR), MORTGAGES (IF THE MORTGAGE LIEN IS STILL IN YOUR NAME), CHILD SUPPORT, ALIMONY DEBTS, FEDERAL TAX LIENS, STUDENT LOANS, PAYDAY ADVANCES, CURRENT PUBLIC UTILITY BILLS, AND MILITARY ACCOUNTS. HOWEVER, WE CAN ACCEPT MOST TYPES OF UNSECURED DEBT. THIS INCLUDES CREDIT CARD ACCOUNTS, DEPARTMENT STORE CARDS, PERSONAL LOANS, MEDICAL BILLS, AND ACCOUNTS WITH COLLECTION AGENCIES, POST AUTO REPOSESSION, POST FORECLOSURE, UNSECURED BUSINESS LOANS, AND MORE.
14.	WHAT IS THE EFFECT ON MY TAXES?
	ANSWER)- WE ARE NOT AN ACCOUNTING FIRM, AND THIS SHOULD NOT BE VEIWED AS TAX ADVICE TO ANY SAME PERSON. SO FOR ADVICE, PLEASE TALK TO A PROFESSIONAL ACCOUNTANT ON THIS MATTER. IN SOME INSTANCES, THE CREDITOR WILL DEDUCT THE LOSS AS AN EXPENSE, IN WHICH CASE YOU MUST RECORD IT AS INCOME. IF THE CREDITOR IS EXPENSING THE LOST DEBT, YOU SHOULD GET A FORM 1099 FROM THE CREDITOR AND YOU MUST FILE WITH YOUR INCOME TAX RETURN. HOWEVER, MOST OF OUR CLIENTS ARE TECHNICALLY INSOLVENT (MEANING ASSETS, LIABILITIES). IF THIS IS THE CASE, YOU CAN FILE A FORM 982 WITH YOUR TAX RETURN AND EXCLUDE THE DISCHARGED DEBT FROM YOUR INCOME. IN ORDER TO MAKE SURE YOU QUALIFY FOR THE FORM 982 EXEMPTIONS PLEASE VISIT WWW.IRS.GOV, OR SPEAK WITH AN ACCOUNTANT.
15.	WILL I BE ABLE TO TAKE OUT A LOAN WHILE ON THE PROGRAM?
	ANSWER)- NO, YOU WILL NOT BE ABLE TO TAKE OUT A LOAN UNTIL ALL OF YOUR DEBTS ARE SETTLED.
16.	DO ALL CREDITORS SETTLE?
	ANSWER)- ASSUMING THAT YOU MEET OUR CRITERIA AND ARE ABLE TO ACCUMULATE SETTLEMENT FUNDS, CREDITORS WILL ALMOST ALWAYS BE WILLING TO SETTLE YOUR UNSECURED DEBTS. THE AMOUNT THAT THEY AGREE TO SETTLE UPON VARIES DEPENDING ON THE CREDITOR AND ON YOUR PARTICULAR SITUATION.
17.	THE DEBT REDUCTION AGREEMENT SAYS YOU CAN TERMINATE IF I MISS A PAYMENT?
	ANSWER)- WE DO EXPECT YOU TO CALL US AND LET US KNOW AHEAD OF TIME IF YOU NEED TO CHANGE YOUR PAYMENT ARRANGEMENTS. ONLY IF YOU FAIL TO MAKE MULTIPLE PAYMENTS AND DO NOT NOTIFY US BEFORE YOU MISS THOSE PAYMENTS, WILL WE EXERCISE OUR RIGHT TO TERMINATE THE CONTRACT. ALSO, IT SHOULD BE NOTED THAT MULTIPLE MISSED PAYMENTS WILL NEGATIVELY IMPACT OUR ABILITY TO SETTLE.
18.	I HAVE READ THAT DEBT SETTLEMENT IS BAD FOR CONSUMERS AND THAT IT IS AS BAD AS BANKRUPTCY ON YOUR CREDIT REPORT?
	ANSWER)- ACCORDING TO THE EXPERTS AT CREDIT RESTORATION BROKERS LLC , “A LOT OF WHAT YOU READ IS NEGATIVE PUBLICITY CREATED BY THE CREDIT CARD COMPANIES WHO WANT TO LIMIT THE NUMBER OF PEOPLE WHO USE THIS SERVICE (FOR OBVIOUS REASONS). DNA USES A QUALIFICATION PROCESS TO DETERMINE IF YOU ARE AN IDEAL CANDIDATE FOR OUR PROGRAM AND WE WILL LET YOU KNOW IF YOU ARE NOT. IT IS ABSOLUTELY UNTRUE THAT DEBT SETTLEMENT IS AS BAD AS BANKRUPTCY ON YOUR CREDIT REPORT. BANKRUPTCY STAYS ON YOUR CREDIT REPORT FOR 10 YEARS. WITH DEBT SETTLEMENT, YOU MAY BE ELIGIBLE FOR A LOAN WITH SOME CREDITORS IMMEDIATELY UPON COMPLETION OF THE PROGRAM WHICH CAN DEPEND ON HOW QUICKLY YOU COMPLETE THE PROGRAM.”
19.	SHOULD I TELL MY CREDITORS THAT I AM THINKING OF JOINING THIS PROGRAM?
	ANSWER)- ACCORDING TO THE EXPERTS AT CREDIT RESTORATION BROKERS “IT IS ENCOURAGED THAT YOU NOT DISCUSS THIS WITH YOUR CREDITORS UNTIL YOU ARE OFFICIALLY ENROLLED. UNTIL DNA’S PREPARED YOUR SIGNED CEASE AND DESIST LETTERS, DNA WILL NOT HAVE A CHANCE TO COMMUNICATE WITH YOUR CREDITORS AND TO START TO PURSWAY THE CREDITORS TO/GETOFF YOUR BACKS. SO IT IS BETTER NOT TO MENTION ANYTHING TO THEM UNTIL DNA HAS ACCEPTED YOUR APPLICATION. ONCE YOU OFFICIALLY ENROLL IN YOUR PROGRAM, WE WILL GIVE YOU SPECIFIC INSTRUCTIONS ON HOW TO DEAL WITH YOUR CREDITORS IF THEY DO CONTINUE TO CALL. HOWEVER, THE BEST ADVICE IS TO SHARE NOTHING WITH YOUR CREDTIORS, THAT THEY (THE CREDITORS) MAY TURN AROUND AND ATTEMPT TO USE AGAINST YOU.”
20.	IS DEBT SETTLEMENT LEGAL AND ETHICAL?
	ANSWER)- YES. DEBT SETTLEMENT IS A LEGAL AND ETHICAL PROCESS WHEREBY UNSECURED DEBTS ARE SATISFIED FOR LESS THAN THE PRINCIPAL BALANCE. IT’S A SERVICE THAT THOUSANDS OF PEOPLE TAKE ADVANTAGE OF IN ORDER TO GET BACK ON FINANCIAL TRACK.
21.	DO I HAVE TO ENROLL ALL OF MY CREDIT CARDS?
	ANSWER)- NO, YOU CAN CHOOSE THE CARDS THAT YOU WANT TO ENROLL. HOWEVER, YOU SHOULD BE AWARE OF THE FOLLOWING: ONCE A CARD HAS BEEN ENROLLED INTO THE SERVICE THE CREDIT CARD COMPANY WILL CANCEL THAT CARD AND CLOSE THE ACCOUNT. IF YOU HAVE MULTIPLE CARDS FROM THE SAME LENDING INSTITUTION OR OTHER CREDIT CARD'S MAY CLOSE THE OTHER ACCOUNTS AND/ OR REDUCE THE REMAINING CREDIT LIMITS.
22.	HOW DOES DNA COMPARE TO CONSUMER CREDIT COUNSELING (CCC)?
	ANSWER)- THERE ARE TWO IMPORTANT DISTINCTIONS BETWEEN OUR PROGRAM AND CONSUMER CREDIT COUNSELING. THE FIRST THING IS WE WORK FOR YOU WHEREAS CCC GETS PAID BY THE CREDITORS. THE SECOND THING IS OUR PROGRAM WILL SAVE YOU ABOUT HALF YOUR MONEY WHEREAS WITH CCC YOUR DEBT MAY STAY ABOUT THE SAME. ANOTHER POINT TO CONSIDER IS THAT OUR DEBT FREE PROGRAM LASTS 2-4 YEARS WHEREAS CCC MAY TAKE 5 YEARS OR MORE… OUCH!
23.	WHAT IF I FILE FOR BANKRUPTCY?
	ANSWER)- CHAPTER 7 (ACCORDING TO CRB)- i. WHILE THIS OPTION MIGHT MEET SOME INDIVIDUAL NEEDS THE CREDIT REPERCUSSIONS ARE GREAT. A BANKRUPTCY STAY'S ON YOUR CREDIT REPORT FOR UP TO 7-10 YEARS AND SHOULD ONLY BE LOOKED AT AS A LAST OPTION. FORTUNATELY FOR OUR CLIENTS OUR DEBT CONSULTATION INCLUDES A FREE BANKRUPTCY ANALYSIS. HOW EVER, LEGAL ADVICE IS NOT GIVEN. IF DNA BELIEVES THAT BANKRUPTCY WOULD BE THE BEST OPTION FOR THE CLIENT, THEN DNA WILL REFER THE CLIENT TO AN APPROVED BANKRUPTCY ATTORNEY THAT HAS ESTABLISHED TO DNA’S CERTAINTY THAT; THE BANKRUPTCY ATTORNEY WILL RESPONSIBLY ADDRESS THE PROPER CREDIT CARE FOR THE BANKRUPTCY CLIENT. (SEE WARNING BELOW) WARNING: THERE ARE ETHICAL BANKRUPTCY ATTORNEYS AND THERE ARE UNETHICAL BANKRUPTCY ATTORNEYS (JUST LIKE DEBT AND CREDIT SPECIALISTS, LOAN OFFICERS, COPS, POLITITIANS, ETC…). IN OUR OPINION BANKRUPTCY ATTORNEYS CAN AVOID APPEARING LAZY BY PROVIDING THE FOLLOWING TO CLIENTS: • BANKRUPTCY ATTORNEYS SHOULD NOT JUST NOTIFY THE COURTS OF THE CLIENTS CREDITOR LIST. BANKRUPTCY ATTORNEYS SHOULD ALSO NOTIFY THE CREDIT BUREAUS OF THE CLIENTS CREDITOR LIST AND PROVIDE YOU COPIES OF CORRESPONDENCE TO ENSURE YOUR CREDIT ISN’T MIS-MANAGED. • BANKRUPTCY ATTORNEYS SHOULD ALSO ADVISE AND ASISST YOU WITH OPENING AND OR KEEPING 3 CREDIT REPORTING ACCOUNTS OPEN (THAT WON’T BE INCLUDED IN YOUR BANKRUPTCY). THIS GIVES YOU THE OPPURTUNITY TO HAVE 700 SCORES AFTER YOUR BANKRUPTCY. THIS ALSO MAY PREVENT YOU FROM BEING TURNED DOWN FOR FUTURE LOANS (BY HAVING A CONTINUUM OF CREDIT AND HAVING 3 ACCOUNTS CONTINUALLY OPEN, MANY CREDITORS WILL QUALIFY YOU FOR LOANS AS OPPOSED TO DISQUALIFYING YOU FOR “INSUFFICIENT CREDIT”). BANKRUPTCY NOT ONLY AFFECTS YOUR CREDIT BUT MAY EVEN AFFECT YOUR ABILITY TO SECURE CERTAIN JOB PROMOTIONS, POSITIONS, OR TO RETAIN CERTAIN STATE OCCUPATIONAL LICENSES. FILING BANKRUPTCY ALSO INCLUDES POSSIBLE SIGNIFICANT UP FRONT COSTS FOR A LAWYER TO REPRESENT YOU IN A BANKRUPTCY COURT. THIS PROGRAM DOES NOT GAURANTEE ACCEPTANCE EVEN AFTER PAYMENT OF YOUR LAWYER’S FEES. CHAPTER 13- ii. THIS DEBT OPTION IS FOR 5 OR MORE YEARS, WHILE OUR PROGRAM IS BETWEEN 2-4 YEARS WITH SIMILAR MONTHLY PAYMENTS. LIKE A CHAPTER 7, CREDIT REPERCUSSIONS MAY BE SIGNIFICANT. A CHAPTER 13 BANKRUPTCY IS DESIGNED TO STAY ON YOUR CREDIT FOR UP TO 10 YEARS AFTER THE DISCHARGE DATE AND THIS SHOULD ONLY BE LOOKED AT AS A LAST OPTION. THIS OPTION MAY ALSO REQUIRE SIGNIFICANT UP FRONT COSTS.

2008 Debt Negotiation Associates