Money Park. Debt Power Down Service.

Question: Will this program hurt my credit?
Answer: No. We do not negotiate with the creditors like hardship programs do such as Credit Counseling or Debt Settlement. Your credit will actually be improved because payments are made on time with consistency and we never pay less than the minimum amount due. Your debt-to-income ratio will also improve which will greatly improve your credit score.

Question: How do you achieve such amazing results?
Answer: It seems like magic but it is just math. The magic comes from the consistent application of the power down strategy over time. We will assess your specific situation and formulate a strategy. With the same money you’re already spending we restructure your payments to your advantage rather than the lender’s. We create a margin which is used to strategically pay down your principal much quicker and thus achieving the amazing results. It is a combination of strategy with automatic application of the strategies that makes the big difference.

Question: How much does this service cost?
Answer: Generally there is no out-of-pocket expense and no increase in your current payments. Actually lowering your monthly payments is sometimes a possibility. Of course our service does have a cost but the cost is only a fraction of what we can actually save you. A more important question is “how much will it cost me to NOT do this program.” We offer a FREE consultation to you and present a customized analysis with all the numbers to help you in making your decision.

Question: What do creditors think about this service?
Answer: To creditors we are simply a bill pay service. Our service is essentially transparent to them. Every debt will always receive at least the minimum payment due. Credit card companies want to keep you in debt for as long as possible. Their profits come from finance charges and other fees they like to charge you. Our goal is the opposite, to get you out of debt as soon as possible and to help you pay as little interest as possible.

Question: Will this program bring me immediate debt relief and lower my payments?
Answer: We may be able to lower your payments but this is not a hardship program. If you are unemployeed or short on cash each month (cash negative) and need immediate debt relief you may not be a good candidate for our service but we may be able to help you. This is where the free consultation is valuable.

Question: Am I required to refinance my mortgage?
Answer: No, you are not required but in many cases it may make good sense. We can run an analysis to determine if a refinance is in your best interest or not. Many times a refinance will lower the overall monthly payments and accelerate the debt elimination even quicker. Remember, you are under no obligation.

Question: Can I include all of my bills?
Answer: Any and all debts can be included in the Debt Power Down service. This includes all credit cards, department store cards, gas cards, medical & hospital bills, student loans, mortgage payments, auto loans, tax debts and any payment you have that accumulates interest. We eliminate all of your debt in ½ to 1/3 the normal time. By adding our Total Bill Management service you can include all of your bills including non-debt bills such as your electricity bill, phone bill, and all other monthly bills.

Question: Can I increase payments if my situation changes to get out of debt even sooner?
Answer: Absolutely, you can always increase the draft amount and there is never a penalty for early repayment. This would enable you to get out of debt even faster.

Question: Can I decrease my payments if my income situation takes a negative turn?
Answer: It may be possible to decrease the total monthly amount you are paying. We will consult with you and discuss all possible options. Payments can be delayed or skipped or canceled if necessary. You are always in control.

Question: What if I get a new car or want to make other changes to my debts?
Answer: We understand that life’s circumstances can change. You simply let us know what the new information is and we update your debt plan. If you ask us, we can also let you know the impact of any decision regarding debt before hand so you can make a more informed decision.