What our $20 weekly subscription offers

Credit Counselling – As a part of the Member Services and at your request, we will provide you with credit counselling whereby we will use commercially reasonable efforts to lower the amount of your debts or amounts owing by you in collections by proposing to restructure or settle such debts or amounts with your creditors. You hereby authorize us to contact such creditors and make such proposals on your behalf. You will not be bound by any such settlement or restructuring negotiated by us on your behalf unless and until you expressly accept the terms of same with such creditors. In order for us to provide such credit counselling services, we require you to provide us with a recent credit report and to cooperate with us during the credit counselling process.

 Loan/ Secure Credit Card – As a part of the Member Services and at your request, we will use commercially reasonable efforts to assist you in obtaining a loan or credit card, or other credit facilities (collectively, “Credit Facilities”) offered by us, our affiliates, or third parties with whom we engage to provide such Credit Facilities. Credit Facilities are provided on their own terms and conditions and you must agree to such terms and conditions in order to obtain same. You may need to submit to one or more credit checks in order to apply for or obtain any Credit Facilities and your eligibility to obtain any such Credit Facilities is contingent on such credit check and your general creditworthiness.

Debt Settlement Letter – 

A debt settlement letter is a formal written agreement between a borrower and a creditor (or collection agency) outlining the terms under which a debt will be settled for less than the full amount owed. This letter is often used in affiliates efforts to help individuals reduce their debt burden and potentially improve their credit standing over time.

Key Elements of a Debt Settlement Letter:

1. Debtor’s Information: Your name, address, and account number.
2. Creditor’s Information: The name and contact details of the creditor or collection agency.
3. Debt Details: The original debt amount, the current balance, and account specifics.
4. Settlement Offer: A proposed lump-sum payment or payment plan that’s less than the full amount owed.
5. Terms of Agreement: Conditions like “paid in full” or “settled in full” upon receipt of the agreed payment.
6. Request for Written Confirmation: To ensure both parties have a record of the agreement before any payment is made.
7. Impact on Credit Report: A request to update the credit report to reflect “Paid as Agreed,” “Settled in Full,” or “Paid in Full” (note: creditors are not legally required to remove negative marks, but some may agree to do so).

Credit financial PDF education Booklet – This book shows guidance to positive credit history, has all info you need on how to keep your report in good standing with all credit credit bureaus.