What types of debts do you work with?

Cambridge Life Solutions debt negotiation program specifically focuses and works with unsecured debts.

Canada, CA (prHWY.com) July 18, 2012 - Canada, July 18, 2012 - Cambridge Life Solutions debt negotiation program specifically focuses and works with unsecured debts. Types of unsecured debts include: credit cards, unsecured personal loans and lines of credit, collections, balances remaining on repossessed property, store/retail credit cards, etc. "Unsecured" by definition means anything which is not backed or collateralized by a person's property. When you signed up for a credit card typically most clients do not securitize it by anything. Thus if you fail to pay your creditor they cannot seize a specific piece of personal property. Unlike a mortgage, which is a "Secured" debt, in that if you fail to make your mortgage payments your creditor has the option to take back the piece of collateral - your house. Cambridge Life Solutions does not work with "secured" debts. We also do not work with student loans or taxes.
Cambridge Life Solutions will ask after your initial consultation to provide copies of your statements you have been receiving from the creditors you wish to enroll into our program and have us work to settle. Typically information regarding a debt being "unsecured" or "secured" can be found there or in the initial paperwork you signed when you took out the line of credit or loan. Or you can simply call your creditor and ask "is this debt secured by anything?" If they say "No" Cambridge Life Solutions can normally work with it.
It is important to note any unsecured debt that you enroll in Cambridge Life Solutions debt negotiation program can no longer be used. So if you have Creditor A you owe $8,000 to and it has an available credit line of $10,000 when you enroll into our debt negotiation program you can no longer use the card. It sounds obvious but to further our point, why would a creditor discuss settling a debt with Cambridge Life Solutions if they see you currently still using it. So again, any debt you enroll into our program can no longer be used.
Cambridge Life Solutions has found many clients are happy about not using the cards any longer and many have been maxed out for months that they are no longer using the cards anyway. It's great to hear them excited about cutting the cards up and how focused they are on developing better savings and spending habits by joining our debt negotiation program.

About the Author:

Cambridge Life Solutions has settled millions in consumer debt and each month that number continues to grow. On average, once we have received a settlement offer from a creditor on behalf of our client it shows over 60% in principal savings. to daily tournaments which would only require small buy-ins but provide whopping jackpot prizes.

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Tag Words: cambridge life solutions

Categories: Business

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Contact Details :-

Cambridge Life Solutions Ontario Branch
Website : - http://cambridge-life-solutions-canada.ca
1801 - 1 Yonge Street
Toronto, Ontario M5E 1E5
Canada

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