Phase I - Credit Restoration

Credit Restoration begins as soon as your client enters the program and will continue for 12 months thereafter. Our experience has been that the majority of negatives will be removed from a typical customers credit reports within the first 4 to 6 months of this process, but we will continue to challenge unverified information and monitor all customers’ credit reports for the full 12 months.

Once their paperwork has been received at the CCDN Support Center, the support team will send their credit restoration application to The Fulfillment Center within two weeks. Following submission of their application, The Fulfillment Center will then begin the process of credit restoration with your client by contacting them via e-mail.

We think the best understanding and description of the Phase I - Credit Restoration process can be gleaned by listening to the recorded call at 1-641-715-3900, code 8464.  Clients can also visit The Fulfillment Center website at www.thefulfillmentcenter.net for more information.  Credit restoration is their sole function in our process. 

Phase II - Reconciliation

Validation and Reconciliation also begins as soon as their paperwork is processed. The purpose of this phase is to create an administrative record and establish as much information as possible as to the ownership and validity of the alleged debt.

The process works through two levels. Firstly, the clients send out a series of proprietary letters at specific times to either the original creditor (OC) or the third party debt collector (3PDC) in an attempt to have the OC or 3PDC provide validation of the alleged debt. If they are unable to do so, we demand that they zero out the customer’s account and mark it “paid as agreed”.

Secondly, these letters are also used to expedite the transfer of the account from the OC to the 3PDC at which time our correspondence is used to enhance our compliance audits in Phase Three.

Phase Two usually takes from 3 to 8 months depending on the status of the accounts when the individual enters the program and the speed at which the various OCs and 3PDCs respond to our correspondence.

When your client stops paying the creditors, they will begin their collection efforts.  These efforts include phone calls and letters.  Your client will have to keep a log of the calls (we will provide you with a form) and fax any collection items or letters they receive in the mail to the Support Center Team ASAP so we can send your client the proper response.  The same process applies to ALL third party debt collectors, as well.

The creditors, and especially third party debt collectors, typically violate several laws designed to protect the consumer and this is the basis for Phase Three.

PHASE III - Federal Lawsuit

The process of using the tool of a Federal Lawsuit begins at the completion of Phase Two.  In Phase Three, our paralegals conduct a compliance audit of each account for each customer.

They then use their completed audits to compose a solid Federal Complaint, which is then sent on to one of our CCDN attorneys for filing in Federal Court.

The assigned CCDN attorney handles this matter from here. Our experience has been that these cases rarely go to trial and usually settle over the phone usually within 1 to 2 months after the suit has been filed.

Summary

The above overview of the three phases of the Debt Reconciliation Program can vary during the process but should remain fairly consistent to the final outcome.  The outcome being that your clients credit scores will dramatically improve and their debt resolved.

Again, please have the client read the following instructions vary carefully and remind them not to hesitate to contact the CCDN Support Team with any questions they may have in completing the documents enclosed. 

By getting off to a good, clean start, we can make this a smooth and successful process and begin to get your client on the road to financial freedom.