FAQ’s
The process works successfully because it is based on Full Compliance with Federal Law.
FAQs
Here is a wide selection of questions and answers about NHI program. We’ve tried to be as comprehensive as possible, but as always, your representative can explain or expand on anything you’d like to know more about.
“Knowledge is Power, But Useless Unless Exercised.”
Q. My ex-spouse is supposed to be paying these credit card bills according to the divorce decree. But he/she is not paying and the collectors are calling me. Am I liable for his/her non-payment?
A. You certainly might be. If your name was on the credit card, then the debt collectors will certainly be coming after you. The fact that your ex-spouse was supposed to pay and hasn’t, is immaterial to the debt collectors. Precisely because your ex-spouse isn’t paying is why they are harassing you. The credit card companies and the debt collectors are not bound by the Family Court decision assigning the debt to your ex-spouse. If your name was on the card, you are still responsible. We can be of help to you.
Q. What about my credit; how will it be affected?
A. Virtually all of our clients have a credit score of 700 or higher after completing this process. Many are in the 800s.
Q. Does it matter that I am in collections?
A. No, in fact many times the process to accomplish debt relief on your debt moves quicker if you are already in collections.
Q. What happens when the Credit Card Companies/Debt Collectors start calling me?
A. When you enroll into this process, a billing dispute letter will be sent to your original creditors demanding proper validation of the debt and instructing them not to call you. When the debt collectors call, you will be provided with a simple statement to say to them. You will not answer questions or provide information to them. You will need to document the call. During this process you have rights that are protected under Federal Law and you, with the support of NHI and our nationwide network of attorneys, rights that are routinely violated by the debt collectors. When we sue the debt collectors in Federal Court, they will pay handsomely for these phone calls.
Q. Can I use my credit card to pay for the NHI program?
A. We do not give out financial advice, but in our experience we have seen clients do this. There have been clients that have placed all of the fees to initiate the debt invalidation process on a card (or cards) and then included the card that was used in the process itself.
Q. Do I have to seek debt invalidation on all of my cards?
A. No, you can pick and choose the ones that you want to put into the debt invalidation process. However, you should be aware of the following: Once a card has been placed inside the service the credit card company will cancel that card and close the account. If you have multiple cards from the same company/bank and you decide to seek relief on one, they will most likely cancel the others. If you want to keep a card it is probably best to make sure it is not related to any other card you are placing in the debt invalidation service.
Q. Wouldn’t debt consolidation / credit counseling / debt settlement program be a better way to go?
A. No, at least we don’t believe so. There is no reduction of your actual debt, allowing you to pay off your entire balance in short order. Plus not all card companies work with the debt consolidation companies to reduce interest rates. And, you are paying a middleman to pay your bills with your own money. They don’t work for free, no matter how they promote themselves. Plus the process ruins your credit for the entire 3-7 years it will take you to pay off your debt. Most are in effect, preemptive collection agencies that are supported by the credit card companies.
