Q. Are There Pre-requisites To Participate in Debt Buster Plus?
A. No. Anyone can take advantage of this program. Anyone simply seeking to save time and not have to bother with managing their own money, anyone looking to become debt free, reach financial goals, and create wealth or Debt Buster Plus is even appropriate for someone coming out of bankruptcy as this program will help ensure they never get "off track" again. Some people utilize it just for the peace of mind, knowing that a financial expert is readily available to help answer questions and resolve issues.
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Q. How Does Debt Buster Plus Compare To Other Products On The Market?
A. Debt Buster Plus utilizes an approach that has proven to be far more effective than other products that utilize budgeting or an envelope system. Debt Buster Plus utilizes the simplest and most realistic way to manage your household cash flow. The Financial Life Manager that is part of the Debt Buster Plus solution is the only on-line application that integrates real life financial solutions and services, one-on-one coaching, and a complete financial management experience.
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Q. How Does The Financial Plan Achieve Such Amazing Results?
A. Our special proprietary software program used to create the plan simply reconfigures cash flow to work for your benefit instead of the billers. Generally, the money the household generates is already enough to achieve the goal of being debt free and accumulating financial wealth.
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Q. Will Credit Rating Be Affected?
A. In most cases, credit will be improved as debt goes down. In many cases, debt can be eliminated aggressively without a change in the terms and conditions that are contracted with the creditor. If the strategy decided between the member and the Coach calls for creditor intervention, the credit rating can be adversely affected.
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Q. What Is Cash Flow Automatic?
A. Cash Flow Automatic brings your financial plan to life and basically places it on autopilot. Your Financial Life Manager makes allocating your money and paying your bills an occurrence that requires no thought or time. It includes an integrated bill pay solution that let’s you pay anyone you make payments to and you can set it up so it does it automatically every month. If you already use your banks on-line bill pay and want to continue doing so, one of our coaches can show you how to utilize the Financial Life Manager and still keep using your existing service to make your plan automatic. Simply, Cash Flow Automatic makes your financial life easy and stress free.
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Q. What Is The Principle Behind the Debt Buster Plus Plan?
A. The principal behind the plan is called the Financial Life System (FLS). The first point of FLS is that all dollars are not created equal. For instance, everyone can agree that the money needed to pay the mortgage is more important to the household than the money spent at Starbucks. Many people are unable to pay their mortgage on time or at all, because the money they needed was used for casual spending. That is the result of mixing funds. It is probably the number one reason people are forced to use credit cards. Without prioritizing money, there is a large risk of mismanagement. FLS has a four-step approach of dealing with household finance. First, devise a strategy that will eliminate all debt in the fastest way possible. Second, commit to paying yourself first and start saving money immediately. Third, devise a cash flow strategy that separates the household income as soon as it is earned into three financial buckets - savings, bill management, and flexible spending. Fourth, make it automatic. The plan is developed through proprietary software and it is then put on automatic pilot through the Financial Life Manager. There are no decisions to make or guilt to deal with.
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Q. Does This Involve Budgeting?
A. Thankfully no, budgets do not work. A budget requires micro - managing money and a great deal of discipline. This system does not assume that every dollar is created equal. You do not want your mortgage payment thrown into the same mix as your lunch money. By separating the essential money from the less essential money, you manage your spending in a way that does not jeopardize the payment of bills that are really important.
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Q. What If The Income Isn't Enough For Household Needs?
A. Our Financial Coaches are prepared to deal with any situation, whether it is a low income or excessive debt. In our experience, there is always an answer. If you need help beyond Debt Buster Plus solution, our Financial Advocacy Program will usually provide the help you need.
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Q. How Are The Bills Paid Through Debt Buster Plus?
A. Once you complete inputting your data into the Financial Life Manager and develop a plan, you are ready to use the Manager’s integrated bill pay feature to make it automatic. You will go through a simple bank account verification process and you are ready to go. Designate which bills you want to pay through the system and set them up to reoccur, therefore making it automatic. We do the rest. On the date indicated, we will process your payment by drafting a check directly from your account or arranging an electronic payment. We never touch your money. You will see the payment on your bank statement the same as you would normally. By setting up your Cash Flow Automatic system, your bills will be paid in a timely fashion in a way that benefits you for total peace of mind.
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Q. Is paying bills through Debt Buster Plus safe?
A. We think it is the safest system around today. Our secured website protects you against hackers and to date, we have not had one instance of breach. Our methods of handling your bill payments do not remove the money from your account until it reaches the creditor. We simply process the payments the same way you would. This way, you can reconcile every payment right from your bank statement the same as you normally would.
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Q. Can Any Bill Be Included In The System?
A. Yes. Though we suggest you consider making other arrangements for government or child support payments.
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Q. Is There A Limit To The Number Of Bills I Can Pay?
A. No. At this time, you can pay as many bills that are in your name as you wish through the system.
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Q. Do All Bills Need To Be Included?
A. We suggest that all bills be included for peace of mind, but we can't enforce it.
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Q. How Should I Deal With Bills That Change Monthly?
A. We suggest you try and set up a flat payment arrangement with the biller whenever possible to assure the highest certainty. Your plan will assume a constant payment for credit cards. In other words, your credit cards will be allocated a flat monthly payment until it is paid off. If that is not possible on certain bills, set up your Financial Life Manager with an amount that you consider the highest anticipated payment and go in each month to make the adjustment. If it is lower than that payment, you can reallocate the difference into some other bucket.
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Q. What If I Already Pay Some Bills Automatically through other means?
A. You can either discontinue the direct withdrawal and have the system take it over, or continue handling it as is.
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Q. Can Credit Cards Continue To Be Used While On The System?
A. The short answer is that the plan is established assuming no additional debt will be incurred. In reality, that can't always be the case. If we know a credit card is going to continue to be used, we will normally suggest that a set payment amount be established each month toward that account. As long as it is greater than the minimum payment, the debt will at least be stable and dealt with down the road.
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Q. Do Savings Need To Be Part Of The Plan?
A. Debt Buster Plus adheres to the "pay yourself first" philosophy of money management. Though it cannot be made mandatory, we highly recommend some amount be allocated for savings. Besides being a great benefit financially, it is important psychologically.
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Q. What Kind Of Help Can A Financial Coach Provide?
A. Coaches primarily provide financial education and expense advice to members. They address money, debt, and spending issues through one-on-one mentoring sessions conducted on the phone.
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Q. What's The Difference Between Coaching And Financial Planning?
A. Financial planners help people understand how to invest their money for the future. Financial planners may instruct clients on investment strategies in general or invest money directly on their clients' behalf. Financial coaching, on the other hand, is a wider ranging service focused on helping people deal with daily money management and decisions. Debt Buster Plus Coaches are there to help the member live the plan. Coaches help people out of debt, develop strategies for increasing income, and learn how to manage the stress that may be interfering with daily money management. Debt Buster Plus incorporates financial planners and other financial professionals as specialty coaches to assist members in many other areas of their lives as the need arises.
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Q. How Do I Cancel My Trial Membership?
A. You may cancel your 30-day trial membership at any time on or before your expiration date by calling (800) 919-6987 and speak to a customer support representative.
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Q. Why Do You Need My Email Address?
A. We need your email address so that we can send you important communications regarding your membership including, your initial password, and changes to your account. It is critical that you always provide us with the most recent correct address. To avoid confusion, we suggest you add us to your email address book.
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Q. Are There Other Educational Resources Available For People That Don't Feel Comfortable Speaking With A Coach?
A. Absolutely. We understand that some people feel uneasy about coaching or counseling. Periodically, we conduct tele-classes on various topics that we make available to the member as part of his or her membership. The member can simply listen in on the class or interact. We also send out electronic newsletters that cover various topics. In addition, each member is able to access the member's only educational website.
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Q. What If I Have A Question Regarding The Opportunity?
A. Contact us at (800) 919-6987 and speak to one of our Account Managers who will go over the possibilities.
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