Frequently Asked Questions (FAQs)
 

1. Q: Why shouldn't I try to get a loan?
  A: Why borrow more money at high interest. Your current debt to income ratio may make it difficult to get a loan at a reasonable interest rate or you may not be able to get one at all. A Debt Management Plan makes more sense since we can help you lower the interest you pay on your current debts and eventually get you out of debt thereby securing your financial future.
     
2. Q: Can I pay off my accounts sooner than what's set up on my Debt Management Plan?
  A: Yes you can. If you decide to pay off any of your accounts please call our Client Care Department and they will verify your balance with your creditor and advise you promptly.
     
3. Q: Can I use my Credit Cards while I am on a Mystar Debt Management Plan?
  A: The creditors will close your accounts, because they will be helping you get out of debt by lowering your interest charges and other fees. If you want to get out of debt, creating more debt is not the answer.
     
4. Q: What is your interest rate?
  A: Mystar is not a loan company, so there is no interest rate. We work with your creditors to eliminate as much of their interest charges as possible. This will assist you to get out of debt faster since more of your money will be going to your principal.
     
5. Q: How do I know if a Debt Management Plan is what I need?
  A: You ask yourself the following questions and if you answered YES to any of them then a Debt Management Plan is definitely an option.
•  Are you struggling to keep up with minimum payments?
•  Are your interest rates going up frequently?
•  Are you getting late and over limit fees?
•  Do your debts keep you awake at night?
•  Are creditors harassing you?
•  Do you have a good income, but feel overwhelmed by your bills?
     
6. Q: Will I continue to receive statements from my creditors while I am on a Debt Management Plan?
  A: Yes. You will receive statements from your creditors and a statement from Mystar showing the payments made to your creditors. This way you can verify that your payments are being made and see your balances going down each month.
     
A Debt Management Plan can help you get out of debt faster and give you the peace of mind you need to plan your financial future.

Call 317-284-6500 for a free consultation

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Main Office:
7271 N. Shadeland Avenue
Indianapolis, IN 46250
 
     
  © 2008 Mystar Financial Solutions Inc.

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