Supreme Advocates is a Performance-Based Fee Model Debt Program. All of our fees are billed only after a settlement has been reached. You do not pay monthly administrative fees, and you do not pay for services not rendered. Fees typically ranges between 13 to 25 percent of the enrolled debt amount.
In October of 2010 the FTC has made it a requirement that no fees can be charged upfront until a settlement per account has been reached. Unfortunately, some companies continue to charge fees upfront with their “so called attorney model”. You should never have to pay upfront until the work is done!
With the debt settlement performance fee model, you will get the fastest results. Settlements are typically received within a few months and this program is designed to be completed within 3 to 4 years. Creditors typically settle at 40 to 60 percent of the account balance at the time of settlement.
Please see the two examples below:
Based on the examples above, you can see that the success of this program is entirely up to the consumers. The more money that is accumulated in the client dedicated purpose account, the sooner Supreme Advocates will be able to reach a settlement. That’s the great thing about this
A client dedicated purpose account is an established escrow account where funds are held to accumulate savings to reach a settlement on the client’s enrolled debt. The client has 100% ownership of the client 1 (888) 859-5713 account.
Under the performance-based model, clients do not pay any upfront fee until the account is settled verses the attorney-based model, where the attorney charges an upfront fee. Typically going this route will prolong the time it will take for you to get out of debt
While debt settlement can be the best option to eliminate outstanding obligations, it can negatively impact your credit score. How negative your credit will be affected depends on many factors. Stronger credit scores get dinged by debt settlement harder than poorer ones.
Yes, this is a part of the bank’s collection process. However, there are federal and state laws that are designed to protect you from collection harassment. Find out more about the Fair Debt Collection Practices Act at www.consumer.ftc.gov
Yes, you will receive a 1099 from your creditors because it is considered earned income. We recommend you discuss this with your tax adviser.
Anytime a consumer becomes delinquent with their creditors, the creditors have a right to sue in court. It is important to speak to an attorney if that happens. (Veritas is highly recommended.)
We cannot make any guarantees that all creditors are willing to settle. However, with our experience and relationships with creditors, they typically do settle because creditors would like to receive some of their debt returned instead of losing all of it. Creditors can be very understanding towards consumers who are in a hardship. If we can prove to them that your income cannot support your debt payments, they are more than willing to work with us.
Veritas Legal Plan provides an attorney to defend any and all creditor lawsuits, all the way through trial, if necessary, with no deductible, no co-pay, and no plan limitations. In addition to the Creditor Defense, your legal plan provides an attorney to enforce consumer protection laws as well as discounted legal services.
Yes, Veritas is optional and not required (however, it is highly recommended).
Veritas has a one-time fee that ranges between $550 to $750 upfront with a low monthly maintenance fee of $49.
For any additional questions or comments, please fill out the form or contact a representative for a detailed personal assessment.
6400 Oak Canyon, Suite 150, Irvine, CA 92618
Mon | 07:00 am – 06:00 pm | |
Tue | 07:00 am – 06:00 pm | |
Wed | 07:00 am – 06:00 pm | |
Thu | 07:00 am – 06:00 pm | |
Fri | 07:00 am – 06:00 pm | |
Sat | 09:00 am – 03:00 pm | |
Sun | Closed |
*Holidays may affect these hours.
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