It takes the average person approximately 473 months to be rid of your debt by making minimum payments. In that time, you will pay approximately $37,115 in interest + your original principal balance of $25,000. This is a total of over 39 years and paying $62,115. (These figures are based off of an average credit card interest rate of 18% and a 2.5% minimum payment)
Our team of consumer debt consultants and financial analysts works individually with each client to help determine the program best suited for their particular situation and personal goals. We will set you up with an affordable monthly payment, which is determined on a client-by-client basis between you and a counselor. Based upon what you are able to pay each month into your settlement account, we can determine how many months you will be part of the program, and ultimately be debt free.
Throughout the program, we communicate with your creditors on your behalf and assist with every means possible to alleviate you of dealing with burdensome phone calls and letters from your creditors.
Luxembourg Group
maintains and continues to develop relationships with creditors
throughout the country.
By establishing cooperative and professional
relationships with each creditor we are able to reach the most
favorable settlement offers for our clients.
Luxembourg Group is an independent company and is not affiliated with
your creditors which means we work directly and 100% for you!