The Lokman Debt Relief Program
The Lokman Debt Relief Program is very effective. Here is a step-by-step overview:
Step 1: Call or e-mail us for a free consultation. We will assess your financial
situation and determine your potential for debt reduction.
Step 2: We will work with you to determine the appropriate monthly dollar amount
that you plan to save towards a negotiated settlement. This amount is typically
significantly less than your current minimum payments, and goes toward
paying off your debt (not simply paying credit card interest charges). These
funds will be saved every month in a new account that you set up and control.
Step 3: Once you enroll in the Lokman Debt Relief Program, we contact your
creditors in an attempt to handle future creditor communications. You are
requested to avoid using credit while on the program.
Step 4: After funds have accrued to make reasonable offers, we begin negotiating
with your creditors individually. Typically, we attempt to reduce debts by at least
50% of your current balances. We stay in contact with you to keep you apprised
of your situation. Please note: It may take several months of savings before we
are in a position to make settlement offers.
Step 5: Once a settlement is negotiated with a creditor, you will be notified via
a "Settlement" notification from us.
Step 6: After the account is paid, your creditors may report to the credit rating
bureaus that your accounts are "settled in full", "settled", "paid", "paid by
settlement", or "settled for less than the full amount". In any case, you no longer
owe on this account and the balance is zero. Congratulations, you are now free of
that debt!