Annual Report: $6.4 Million Saved by 101 New Clients

Our average new client had $26,786 in credit card and other unsecured debt. By the average rules of making minimum payments to get out of debt, with high interest rates charged, it can take 20+ years to get out of debt, and if not another dime is ever charged, it can take 3X the money, or over $80,300 to become debt free in this manner - making only minimum payments monthly on this debt. If a client is 55 years old, they could be 75 years old before they are done, assuming they never charge another dime!

If you have fallen victim to interest rate increases of 20-25% because of "universal default pricing" by your credit card issuer(s), the news can be much worse! It can extend your minimum payments in some cases to over 100 years!

Our "average client" cited above (using their federal legal right to have their debt arbitrated) can be out of debt for an average of $16,670, with all interest, fees and penalties stopped, for an "average savings" of over $63,000.

Their lives have been changed for the better!

55 New Clients Save $3.3 Million

55 of my new clients served in 2007 collectively are saving over $3.3 million by being a part of the Shepley Law program. This savings comes from breaking the habit of paying off their credit card and other secured debt with minimum monthly payments which can take 15 to 25 years depending on interest rates.

With Shepley Law arbitrating the client's debt, and the arbitrated amount being paid off with no interest or penalties added, my average client will save over $60,000 each, reduce their debt to income ratio substantially, and significantly improve their credit score in 18 to 39 months.

My Average Debt Negotiation Client: How do you compare?

My average client who has entered the debt negotiation program 2007 year to date has an income of $47,600, credit card/unsecured debt of $29,839 for a unsecured debt to income ratio (excluding mortgage and vehicles) of 62.7%.

If they continued to just make minimum payments on this unsecured debt, this average individual would pay roughly $89,500 to the credit card companies and banks, roughly 3 times their current balances by the time their loans were paid off.

We project we will negotiate this average debtor to roughly $19,395 with no interest and each individual has the choice of a 18 to 36 month payoff to become debt free. This would be a monthly payment of $540 for 36 months ranging to $1,080 for 18 months. This would save this average client roughly $70,100 versus continuing to pay minimum payments each month for the next 17-18 years to get out of debt, IF they never charged another penny to their cards.

Call Roger Foulks, M.B.A., Senior Debt Consultant at 941-320-0818 for more information and a consultation about this lawyer-led program and your personal situation.