Debt Resolution Introduction

The American Payment Technologies Debt Resolution Program is a debt negotiation plan used to settle debts for pennies on the dollar. Not only does this program stop the harassing collection calls; it tailors the monthly payments to your budget. Through the next few pages the plan will be explained in detail for you and answer some questions you might have.

How Debt Resolution Program Works

The Debt Resolution Program (DRP) is a debt management plan that is designed for consumers experiencing high unsecured (credit card) debt. If you desire to payback your debt, but need a plan that you can afford and finish, then the Debt Resolution Program (DRP) is for you. The DRP is a plan that is beneficial to both the consumer and the creditor, without having to file for bankruptcy.

The graph below is an example of the relative amount of resources it would take to pay off $20,000 in credit card debt under the currently available methods.

It is now much more difficult to qualify for the most forgiving Chapter 7 status. More consumers now are forced into the Chapter 13 plan which requires regular monthly payments to the court trustee. Also, it is "THE COURTS" that decide which Chapter you will be placed into. It is "THE COURTS" that will determine your monthly payment. There are also many other negative aspects of the bankruptcy option.

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