ADE FAQs (Frequently Asked Questions)

What is a Personal Debt Management Program?

Also referred to as Credit Card Debt Consolidation. This program is designed to help individuals who have greater than $5000.00 in Credit Card Debt, have high interest rates and realize they are now in what is commonly referred to as a “Pay for Life Program”. In other words, because your interest rates are so high it could take you as long as 18 years to payoff the debt by making just minimum payments. The Debt Management Program will allow you to make one monthly payment at reduced interest rates and have the debt paid in full, generally, in less than 5 years. Also, creditors will generally waive over-limit fees and re-age the account (bring it current if you were behind”) after a period of 3 to 6 months of being on the program. It is not unusual for your present monthly payment to be slightly lower in a Debt Management Program than your current payments combined. This program is voluntary, there is no prepayment penalty and your participation is not a scoring component of your credit score.


Who is American Debt Enders?

American Debt Enders is a FREE Credit Counseling Company. As such we are a Debt Counseling “One Stop.” Our counselors are certified by NIFCE, (National Institute for Financial Counseling), and through our affiliations we are able to offer diverse debt solutions to those oppressed by debt. We do not give you a phone number, we counsel with you, all counseling is free, in an unpressured environment and put you into an appropriate program should you desire. We never share your information.


What is a Debt Settlement Program?

The Debt Settlement Program is designed to get you out of debt in about 3 years or less. It is designed to help people who have fallen seriously behind and either cannot or would prefer to avoid bankruptcy. This program is designed to allow you to settle your unsecured debts for about 55% of what you owe (all fees included), by making affordable monthly payments. An often asked question is “How will debt settlement effect my credit score?” Most likely, if you are a candidate for this program, your credit score is already low. As your debts are settled, this will be reflected on your credit report and the effect will be to help raise your score.


What types of Debt Situations can American Deb Enders help me with?

Currently, American Debt Enders can help you with any type of unsecured debt other than IRS issues and student loans or Pay Day Loans.


What are the costs associated with your services?

Consultations are Free. If you choose to enroll in a specific program the fees vary by the amount of debt and type of program. There are no hidden fees. All fees are explained in full during the consultation, specific to the program you are interested in enrolling in. You do not pay any fees directly to American Debt Enders, and can begin your enrollment in our other programs without paying any money upfront.


Why should I call American Debt Enders as opposed to another company?

First, we are in a position to offer more than one Debt Solution. Second, even if you do not enroll in one of our programs, you will come away from the consultation with considerably more knowledge than you had before. Third, we are an open book. In this age where everyone is rightfully concerned about legitimacy we have chosen to allow everyone who has contact with us leave there impression.By clicking on the “Ikarma Logo” on the home page, you can read what experiences others have had with us, and leave your own impression. We are not about selling, we are about helping, the rest takes care of itself!


How long will it take me to get out of debt with a Debt Management Program?

Approximately, 5 years or less.


How long will it take me to get out of debt in a Debt Settlement Program?

You decide. The length of time dependends on the monthly payment, which is determined by what you can afford.


How will I know my payments are going to my creditors?

In a Personal Debt Management Program you will continue to receive your monthly statements from each creditor which will show your monthly payments being applied. In addition you will have a customer service person assigned to you, for any ongoing help you may need. In a Debt Settlement Program your funds go into a secured account. As the money accumulates settlements are made with each creditor. You will receive statements and be notified.


Can I continue to use my credit cards while in the program?

Any credit cards put into the Debt Management program will be closed. If you enroll in the Debt Settlement program they are most likely already closed. Our counselors will advise you on perhaps keeping one or two cards off the program for emergencies.


Do I need to Qualify for These Programs?

Debt Settlement and Debt Management are both non-qualifying programs, with the following exceptions: You must have at least $5000.00 of Debt to take advantage of either program and for debt settlement you must be unable to meet your monthly minimum payments.


How will the debt management and debt settlement programs effect my credit and credit report?

A debt management program is not a factor in the calculation of your credit score. While in and of itself it will not effect your score, it is possible some creditors will place a statement on your report that says “account managed by dmp”, this statement is also not a factor in your credit scoring. The Debt Settlement program is designed to protect your credit report also. Our program is unique and called “Debt Audit.” It is designed to have the creditors remove negatives from your report as settlements are made.


Are these programs like filing for Bankruptcy?

Absolutely not. Many people do not qualify for bankruptcy or have moral reasons why they choose not to file for a bankruptcy. In our opinion a Bankruptcy should be the solution of last resort.


How can I attend money management seminars or schedule a speaker?

At the present time seminars on money management and budgeting are available in the Long Island, NY area. If you would like to have one of our Credit Counselors speak to your organization, absolutely free of charge, simply call us at 877-766-2465 or email us at