Frequently Asked Questions
Here are our answers to your informed questions regarding your account and your credit reporting.
I have a question about:
Credit Report
Who is Delta Direct Recovery
Identity Theft
Third Party Authorization
Credit Report
What kind of creditors do you work with?
Delta Direct Recovery works mostly with consumer finance accounts. Including almost any unsecured creditor (meanind credit cards)
The majority of our clients are dealing with credit cards, we can also include personal loans, collection agencies, pay day loans, medical or veterinary bills, and many more in your debt consolidation plan.
How is debt management different from filing bankruptcy?
With debt management, you repay your creditors in full over time, usually with reduced interest and fees- terms they agree to.
Bankruptcy exists for a reason and for many consumers, but also means you are going to court with your creditors, thereby destroying your credit.
Filing for bankruptcy makes it far more expensive, if not impossible, to buy a house or car, get a loan and maybe even obtain a job for several years. In the end you will also have to answer the question, “Have you ever filed for bankruptcy?”
Can I still use my credit card
If you need to keep one available, discuss it with your credit counselor. In order for us to serve you and reach an agreement with your creditor to reduce your fees, payments and interest, we will advocate for you to get out of debt, not stay in it.
We are making a plan for your financial well being, not continue the cycle of debt.
Who is Delta Direct Recovery
Who is Delta Direct Recovery?
Delta Direct Recovery works with families and individuals who are struggling with debt.
Some of our clients are current on their debt but living paycheck to paycheck others are being sued or facing garnishments.
Over the years, we have helped consumers achieve their goal of paying off their debt and achieving financial freedom. We help reduce or eliminate interest, stop any fees additions, stop any collection activity, phone calls, if applicable.
Who does Delta Direct collect for?
Delta Direct Recovery, works mostly with consumer finance accounts. Including almost any unsecured creditor (unsecured simply means nothing they can come and take like your home, car, etc.).
The majority of our clients are dealing with credit cards, we can also include personal loans, collection agencies, pay day loans, medical or veterinary bills, and many more in your debt consolidation plan.
Identity Theft
How is debt management different from filing bankruptcy?
With credit counseling, you repay your creditors in full over time, usually with reduced interest and fees- terms they agree to.
Bankruptcy exists for a reason and for many consumers, but also means you are going to court with your creditors, thereby destroying your credit.
Filing for bankruptcy makes it far more expensive, if not impossible, to buy a house or car, get a loan and maybe even obtain a job for several years. In the end you will also have to answer the question, “Have you ever filed for bankruptcy?”
What happens if I miss a payment?
That is no problem at all. Creditors just want to be paid. Most creditors will bring your accounts current, stop late and over limit fees, stop collection calls and reduce or eliminate interest.
This being said, the more proactive you are the better. Waiting until accounts get further and further behind only makes things harder.
Third Party Authorization
Can I pay more if possible and get done faster?
Absolutely, and we never charge extra for early payoff.
We encourage you to buld an emergency savings and use the “extra” to get you out of debt faster.
Many of our clients contact us at tax time to make an extra payment, others increase their payment to reduce the length of time on the program as their finances improve.
Our objective is to assist you in becoming debt free as soon as you can.
What happens once I am complete with the program?
Once our records indicate you have completed the program, we attempt to verify all balances are paid in full. We also recommend you retain any creditor statements in your files. In some cases the pay off date may differ on the credit statement.
Paying off your accounts is viewed as a positive and we are available to help you create a plan to support your financial freedom.