Debt Consolidation may be better then bankruptcy
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Defeat Debt with Credit Advisors
October 2000

Dear Client,

Your monthly statement is enclosed.  Please verify your payment is properly credited! Compare your billing statements to your Credit Advisors statement.  Make sure your creditors have given you credit for the payments we sent to them. Contact us, if you notice any differences.

Remember – don’t open any new revolving credit accounts while on your debt management plan. This will only increase the time it will take you to become debt free!  If you incur new debt, some of your creditors may suspend any counseling benefits they have granted you.

Whats in This Issue?

Important Numbers
Very Important Notice
October Dates To Remember
Plugging Holes
Creditor Corner
FYI

Important numbers:

To reach your account manager:

1-800-942-9027 (toll free)
Number you give creditors to call us: 1-402-393-3100
To reach Jack or Michaela in Omaha: 341-7000 Opt. 2 OR 888-390-0941
To reach Mike in Lincoln: 475-1234 Opt. 2
To reach Mike for Colorado clients: 800-627-6925 Opt. 2
Automated Account Updates (for clients and creditors) 1-402-391-0000
If you need to find a Western Union Dealer: 1-800-325-6000

If a creditor calls you,, tell them you are now with a credit counseling agency and they should call 402-393-3100. Give them your client number and the name of your account manager.

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Very Important Notice:

**** Very Important Notice*****

If the letters “PIF” appear next to a payment amount on your client statement, our records indicate this creditor account is now paid in full.  This means we will not be sending future payments to the “PIF” creditor.  Please review your creditor statements very carefully to verify that the “PIF” amount did indeed pay the account in full.  Send us a copy of your billing statement if your creditor stills shows a balance is due on the account.

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October Dates to Remember:

 

If your EFT (electronic funds transfer) is pulled on:

checks to creditors:

5th 12th
11th 17th
16th 20th
20th 26th

26th

Nov. 1st

Missing a payment for any reason can seriously jeopardize your counseling program.

End of Month Processing
Your money order or Western Union payments must be in our office by 2 PM (CST) October 25TH to be processed for end of month.  NO personal checks, thank you!

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EFT Payment Change:

If you need to make a change to your EFT payment, send WRITTEN NOTICE to us no less than 10 business days prior to your pull date.  Our fax number is 402- 393-4141.  After faxing, wait 30 minutes then call us to verify your request has been received. 

You money order or Western Union payments must be in our office by 10 AM July 20th to be processed for end of month.  NO personal checks, thank you!

Please be advised, in the event an electronic funds transfer (EFT) or bank account has one of the following challenges, a charge will be assessed to your CA account.

Account Closed                  =            $15.00
Authorization Revoke         =            $25.00
Change Date                       =            $  5.00
Frozen Accounts                 =            $15.00
Lower Payment                   =            $  5.00
NSF                                      =            $15.00
Skip A Pull Date                 =            $10.00
Stop Payment                     =            $15.00

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Plugging Holes:

 

WAYS TO PLUG HOLES IN YOUR BUDGET

 

Benjamin Franklin once said, “Beware of little expenses; a small leak can sink a great ship.”

Enclosed are some ways to plug holes in your budget and enrich your pocketbook.  Most are pretty painless and don’t require any real sacrifice.

1.)   If you have a computer, cut your phone bill by e-mailing those friends and family members that are far away.

2.)   Unplug that extra refrigerator in the garage or basement.  A typical refrigerator burns up to $130.00 worth of electricity a year.

3.)   Turn down the thermostat on your hot water heater to 120 degrees. You can save as much as $26 per year if you heat water with gas and $57 per year if your heater is electric.

4.)   Install high efficiency showerheads and faucets. This can save the typical household $33 per year in water bills and as much as $86 more in energy costs.

5.)   Sign up for overdraft protection on your checking account.  Just one bounced check can cost you as much as $75.00

6.)   Dodge unnecessary bank charges. (ie: ATM and minimum balance charges)

7.)   Don’t order checks through your bank.  Check with Current, Designer Checks, and ads for other printers that can be found in the Sunday paper)

8.)   Ask your home or auto insurer if you could get a break on cost if you insured both policies from the same provider.

9.)   Don’t buy higher octane fuel than your car needs.

10.)  Shop for Birthday and Christmas gifts year round during the            clearance sales.

11.)  Avoid impulse buys. Make a shopping list and stick to it.

12.)  Cancel subscriptions to magazines you don’t read.

13.)  Trim the cable bill by ridding yourself of premium packages.

14.)     See a movie at the $1.00 theatre or go to the twilight show.

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Creditor Corner:

 

CREDITOR CORNER

(The who’s who and the what’s new in the creditor world of today!)

 

IMPORTANT!!

BEWARE - MISSING A PAYMENT ON YOUR COUNSELING PLAN CAN RESULT IN DEVASTATING CONSEQUENCES. 

MANY CREDITORS HAVE BEGUN IMPOSING STRICTER PAYMENT POLICIES IN HONORING SPECIAL BENEFITS TO CREDIT COUNSELING CUSTOMERS.  FOR EXAMPLE, SOME CREDITORS REQUIRE THE AGREED UPON MONTHLY PAYMENT BE MADE TO THEM WITHOUT FAIL ONCE THEY HAVE ACCEPTED A CREDIT COUNSELING PLAN.  IN SOME CASES, CREDITORS ARE SUSPENDING COUNSELING BENEFITS PERMANENTLY.

IN THE EVENT YOU DON’T MAKE YOUR SCHEDULED PAYMENT TO US, THESE CREDITORS MAY REVOKE ANY BENEFITS THAT WERE GRANTED TO YOU.  THIS MEANS THE CREDITOR WILL GO BACK TO CHARGING YOUR ACCOUNT AT THE HIGHER INTEREST RATE.  LATE FEES AND OVER LIMIT CHARGES WILL ACCRUE AGAIN AND THEY MAY REPORT NEGATIVELY AGAINST YOU TO THE CREDIT BUREAU.

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FYI:

Send Statements

Your creditors DO NOT send us copies of your statements!!! We need to hear from you about creditor statement balances!

Please e-mail, fax, or mail us copies of your creditor statements every three months.

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Check out our bookstore for more great reading on how to save money.



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