Debtmerica Website Disclaimer: Last Updated as of July 26, 2011
*Clients that are able to make the monthly program payments generally experience a 50% reduction of their enrolled balance before fees, or approximately a 29% reduction after payment of fees over a 24-48 month period. Individual results may vary based on ability to save sufficient funds and complete the program, the creditors in your individual portfolio, and amount of debt enrolled. Statements made are examples of past performance and are not intended to be a guarantee that your debt balances will be lowered by a specific amount or percentage, that you will be debt free within a specific time period, or a guarantee of future settlement results. Debtmerica, LLC guarantees it will not receive any fees until the terms of your debt have been altered with one or more of your creditors. While our programs work aggressively to reduce your debt balances, creditors are under no contractual obligation to negotiate or accept settlement offers. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice and we do not provide credit repair services. Please contact a tax professional to discuss tax consequences of debt settlement. By providing your contact information, you agree to receive return telephone calls, emails or other communications from Debtmerica, LLC and/or its affiliates and expressly waive any “No Call” preference or registration. Photographs used are not actual clients. Debtmerica, LLC is not affiliated with MSNBC, Fox, CBS, 500/5000 or OCBJ and logos used are registered trademarks of their respective owners. Programs not available in all states. Read and understand all program materials prior to your enrollment.
Debtmerica Debtpedia
| Term | Definition |
|---|---|
| Annuity |
The annual payment of an allowance or income; the right to receive this payment or the obligation to make this payment; a contract or agreement by which one receives fixed payments on an investment for a lifetime or for a specified number of years. |
| Appreciation |
A rise in value or price, especially over time. |
| APR |
Also known as Annual Percentage Rate, it is the interest rate which a customer will pay on a finance agreement, including all fees. |
| APY |
Annual Percentage Yield, expressing an annual rate of interest you’ll earn if you leave a lump sum in your account for one full year. Use it to compare what institution gives you the best return on your money. |
| Arbitration |
The process by which the parties to a dispute submit their differences to the judgment of an impartial person or group appointed by mutual consent or statutory provision |
| ARM |
An adjustable rate mortgage, or an "ARM" as they are commonly called, is a loan type that offers a lower initial interest rate than most fixed rate loans. The trade off is that the interest rate can change periodically, usually in relation to an index, and the monthly payment will go up or down accordingly. |
| Asset |
Anything owned that has exchange value; anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value. |
| Authorized User |
An authorized user on your credit card is someone who you have given permission to use your credit card. An authorized user can receive and use a credit card with his/her name on it, but is not legally responsible for repaying the credit card balance. The credit card payment history will appear on the authorized user’s credit report. That can be a good thing if the payment history is good, but a bad thing if the credit card payment history is bad. |
A Secure & Trusted Site
|
Debtmerica is committed to providing a safe and secure site that you can trust. |
 |
 |