Financial Solution

Ancora Debt Solution, LLC was formed to help anyone with financial difficulties and credit delinquencies. We do not lend money or consolidate bills. We offer clients instant relief and peace of mind.

Charge Off

When you, and only you, have decided to stop paying the balances of your debts and have no incentive to pay back the debt, we can, upon your request, notify the Creditor or Lender on your behalf that you will default on your debt. Under this program your account will not be paid off but charged off as an uncollectable debt. It will affect your credit report with a negative mark for about seven years. At this point you are probably having problems keeping up with your payments or have an over the limit credit. Lenders and Creditors look for both of these factors in your credit report before extending anymore credit, and both negative factors remain in your credit report for 7 years. You can be selective over which accounts you want to terminate. You are allowed to keep some of your credit accounts while terminating others. Do you want to stop the collection calls??? If you have had enough of those, it is time to join our program and others just like you that have already taken a stand and said, "Enough is enough!".

Frequent Questions

What will Ancora Debt Solution, LLC Do?
The program is designed to help you to deal with the embarrassment associated with calls from lenders or collectors when debts become delinquent. Ancora Debt Solution, LLC will communicate your intentions to your creditors and collectors on your behalf so you don't have to. Part of our service includes providing you with letters to be sent by us to all your collectors to stop the harassment for years to come. By refusing to pay your bills, you will still have a moral obligation toward your debt. Your future credit will be blemished and it will show in your credit report for seven years. We are here to help you not to judge you with your decisions. You should always contact an attorney authorized to practice law in your state for specific legal advice.

What bills are included in your program?
All unsecured debts such as credit cards and personal loans. Unsecured means no collateral was pledged at the time of transaction.

Is this equal to Bankruptcy?
No. When you file for any type of Bankruptcy it will remain on your credit report for over 10 years. The account Charged Off will remain on your Credit Report for only 7 years. Under a Bankruptcy you may also have to give up some of your assets.

Am I going to have difficulties in getting future credit?
Some Lenders are more understanding than other Lenders. It all depends from whom you are trying to borrow. Usually, after an account has been Charged Off or sold to a third party, it will take the position that you did not pay back money you owed. Even if it is showing in your credit report, after a few years some creditors will be willing to work with you by giving them a sample explanation regarding your past financial problems. Keep in mind that a new loan may have a higher interest rate due to past problems, unless you are willing to wait 7 years.

Am I going to lose my assets?
This program is not designed to stop foreclosure, repossession, or administrative wage garnishment. You should always contact an attorney authorized to practice law in your state for specific legal advice.

Where do I start?
It is simple, just fill out an application and in just a few hours you too can enjoy financial freedom. One of our consultants will call you with all the details and with no obligation. A free and convenient package will also be sent to you for review. If you prefer you can call us today for an over-the-phone application. We help the Rich, the Poor, and the In-between.

ANCORA DEBT SOLUTION, LLC
LOCAL: 717-242-3729

OUT OF AREA: 1-888-790-4660

Contact our customer service at: custsrv@mydebtfree.com