The DRO Debt Reduction Solution
Debt is one of the most powerful factors impacting your future. Your financial affairs influence many other parts of your life including relationships, jobs or business opportunities, and even your overall health. DRO considers debt a virus that first invades your system and then multiplies almost uncontrollably until its effects become overwhelming. DRO’s debt reduction solutions systematically target your debts, eliminating them one after another for much less than you presently owe. This solution, called debt settlement, is absolutely legitimate. Not only is this approach completely legal and achievable, it can significantly change and improve your financial outlook. Let’s take a closer look at getting your financial future back on track.
The DRO program is designed to help people with more than $10,000 of unsecured debt. (i.e., debt that has not been attached or debt for which there is no collateral in the form of a home, car, bank account or other assets.) This program is a quick, inexpensive way to successfully deal with overburdening debt. You can see how the DRO program stacks up against the costs of competing debt reduction solutions solutions by visiting Weigh Your Debt Settlement Options.
What is debt settlement?
Debt settlement, also called debt negotiation, is the name given to a one-on-one process of negotiations, taking place over time with each of your creditors. The time frame for the negotiation process mainly depends on the amount you pay each month into a debt settlement or reduction account. As this process unfolds, DRO’s debt negotiators decide upon the optimum strategy for your particular circumstances and then use this strategy to negotiate a settlement with your creditors that settles your debt for appreciably less than your outstanding balance. By the time the program ends, your debts will be completely resolved and be reported as “settled” with no outstanding balance by your creditors.
Why would my creditors settle for less money?
Creditors settle debts for less than they’re owed because of two factors — risk and return — which drives the credit and lending industries. These industries know full well that some clients will inevitably go bankrupt or never repay their debt, and these risks are already built into the interest rates charged by the credit and lending industries. These same industries also realize that it’s better to collect some money rather than nothing at all and that collecting this money as a lump sum trumps collecting it in smaller amounts over time, especially if the client has financial problems. Loss is a fact of life for the credit and lending industries and your decision to enter a debt reduction program signals your willingness to avert the worst possible outcome for your creditors, namely bankruptcy. If a client successfully files for bankruptcy, creditors usually receive none of the money they’re owed.
About your DRO team
DRO Debt Reduction negotiators are skilled experts in identifying the motives, cycles, internal deliberations, policies, practices and collection tactics that dictate the bottom line for lenders and debt collectors. We also leverage our expert knowledge of Federal and State law to protect our clients and negotiate effectively on their behalf.
