1) Who qualifies for our Debt Management program?
A. Anyone who has $2000 or more in unsecured debt (credit cards, personal loans, etc.), 18 years or older, and currently employed, or at, least, have a regular income.
2) What kind of debts does Lasill Enterprises help with?
A. We help with unsecured debts such as credit cards, personal loans, medical bills, utility bills, etc. We do not consolidate car loans or home mortgages, unless repossession and foreclosure action has already been taken. We work only with debt that is not backed by an asset.
3) Will our debt management program stop collection calls?
A. Collection calls typically stop once the creditor starts receiving payments through Lasill Enterprises. If they continue, please refer to our customer service department.
4) How will our Debt Management program help me?
A. Contrary to popular belief, debt management is NOT A LOAN! A debt management program allows you to make a single monthly payment that is in turn distributed to your creditors. This eliminates the need to make individual payments to each of your creditors. Many of the creditors allow you to reduce your monthly payment and reduce interest and late charges and stop collection calls. That way, more of your payment goes to reducing your debt, getting you out of debt faster.
5) How will my creditors know I have joined the debt management program?
A. Once you have enrolled in our debt management program and all paperwork has been received, a proposal is sent to each of your creditors for the amount indicated by your counselor.
6) Is our debt management program the same thing as filing bankruptcy?
A. Bankruptcy is a proceeding in a federal court in which the assets of an individual experiencing financial difficulty are sold, and the individual is relieved of further liability to their creditors. In addition, bankruptcy will stay on your credit report for seven to ten years and greatly hinder your ability to obtain new credit. A debt management program is an actual repayment of the debt and a "cleaning-up" of your credit report.
A. Lasill Enterprises works with many creditors who will re-age or bring current your account thereby removing the current delinquency rating on the account. This is done by making consistent payments through the program.
A. YES! Our program is designed exactly for this situation. We work with you and your creditors to create an affordable and manageable budget.
A. Complete our simple sign up form. Once your application is submitted, you will be contacted by a debt professional within 24 hours. Once you are contacted, you can ask any further questions and decide if the program is right for you.
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