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Defeat Debt with Credit Advisors - April 2000

It's Tax Time!

When YOU send

timely payment in full to us,

we send payments to your



What's in This Issue?

Important Numbers
Extra Funds Available?
Paying Only the Minimum?
Review Your Phone Billing Statements

Tax Refund

If you are getting a tax refund, put that money to its best use.  Pay down your debts! 

Remember to send all additional payments to creditors through Credit Advisors.  Do this so creditors don’t start calling you thinking you are off the program.

Enclosed is your monthly statement.  Please verify that your March payment is properly credited.

Please give your account manager enough time to change your EFT status because, when an electronic funds transfer (EFT) or bank account have the following challenges there are charges assessed by CA:

Account Closed $15
Authorization Revoke  $25
Change Date       $5
Frozen Accounts $15
Lower Payment    $5
NSF  $15
Skip a Pull Date  $10
Stop Payment      $15

If you MUST make a change to your EFT, please send WRITTEN NOTICE to us at least TEN days before the pull date.  Our fax number is 402-393-4141.  After faxing wait 30 minutes then call your account manager to make sure your fax was received.

Your April money order or Western Union payments must be in our office by 10 AM April 21st to be processed for end of month payment.  NO personal checks, thank you!

Important numbers:

To reach your account manager: 1-800-942-9027 (toll free)
Number you give creditors to call us: 1-402-393-3100
To Reach Mike in Lincoln: 475-1234 Opt. 2
To reach Michael for Colorado clients: 1-800-627-6925 Opt. 2
Automated Account Updates (for clients and creditors) 1-402-391-0000
If you need to find a Western Union Dealer: 1-800-325-6000

Your client # is listed on your statement.  If a creditor calls you, tell them you are now with a credit counseling agency.  Give them your client number and the name of your account manager.  Do not give creditors the toll free numbers!  Give them 402-393-3100.


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Extra Funds Available?

Some of your creditors will continue to add interest, late fees or service charges.  It is important that you consider your payment to Credit Advisors as a minimum payment.  Therefore, your creditors receive only a minimum payment.  Please increase your payment amount to Credit Advisors ASAP. 

These extra funds can be sent as a money order or cashier’s check.  Better still, are you able to fax an authorization to increase your regular EFT?  This written authorization must be received ten days before the pull date. 

All additional funds to your creditors should be processed through your account manager so creditors know you are still on the program.  If you have questions, call your account manager!


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Paying Only the Minimum?

If you are paying only the minimum (2%) on your credit cards and you owe $3,000 on a card that charges an 18% annual percentage rate, it will take you 26 years to pay and you’ll pay $6,862 in interest! 

Last year Americans charged more than $1 trillion on credit cards.  This means they spent more than $60 billion in interest.  If you buy on the assumption you will make more money in the future you are gambling on your financial future!  More than 1 million people filed for bankruptcy last year. 

If at all possible, reduce your outstanding debt by sending us more funds.  Use your tax return or raises to build your financial future.  Contact your account manager to make arrangements!


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Review Your Phone Billing Statements

Many phone companies act as billing agents for hundreds of small service providers, most are legitimate.  With the increase in telecom services it is possible to have local calls, long distance calls, Internet service, etc. all on the same bill. 

Review your statement to make sure you recognize all the charges.  Many times the illegitimate charges are within $3.  This makes it easy to overlook and just pay the bill.  These bad guys may have charged 50,000 people $3, leading to a tidy sum of money! 

Look for charges for caller-ID, paging, wake-up services, voicemail, etc.  Call the billing company if you have questions.  If the charge is invalid, the local phone company will probably remove the charge.  Don’t stop there!  Register a complaint with the FCC and FTC to help put these people out of business. 

Local phone companies may allow you to block all miscellaneous charges billed to you.  They may also block calls to 900 numbers, often a sources for the illegitimate charges!  Let them help you stop these problems before they start. 

Also beware of entering raffles or other contests.  If the details seem vague or you are unfamiliar with the sponsoring organization make sure you read everything on the entry form.  You may be signing up for a new phone service!


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Credit Report Repeat . . .

 Credit Advisors will pull credit reports through Credit Data for all active clients.  Reports will be pulled every quarter.  This will help us monitor your credit report for errors during the course of your consolidation program.

Send Statements 

We need to hear from you about creditor statement balances!  Please call or send  copies of ALL your creditor statements if you didn’t last month.  Thank you!



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