Step 1: Debt Compression-The first step in the M.A.P.S. program is to have a financial analysis completed. The financial analysis shows all the debt elimination strategies that Woodland Prescott will implement for your situation. Each situation is different and requires a unique debt elimination strategy. The analysis, among other things, identifies how quickly your debt can be completely paid, how much interest will be saved, which debts will be paid off in the restructure, and in which order the remaining debts will be paid. To see a sample analysis click here. You must have Adobe Acrobat Reader 3.0 or a later version. For a free download of Adobe Acrobat Reader, click here.

If you can't afford to pay extra principal payments every month to your debts, then the necessary extra principal dollars must be created. The analysis shows how Woodland Prescott can accomplish this. All factors such as payment, balance, interest rate, and term are carefully examined for each account. By analyzing each debt in relation to your financial situation, Woodland Prescott can determine the best scenario for converting as many interest payment dollars as possible into principal payment dollars. This is accomplished by restructuring your current liability makeup. In the common vernacular, this strategy is known as a "debt-consolidation" loan. However, this is no ordinary loan.

Debt restructuring is a powerful tool that can help liberate you from your entire debt load. By itself, the loan is insufficient. However, when coupled with the steps outlined below, it becomes a powerful tool for the rapid reduction of your debts. By using the principle of debt compression, Woodland Prescott is able to free up a sizable amount of principal dollars (referred to as "margin") each month without increasing your total monthly debt payment.

Step 2: Debt Reduction-Having margin available means that you now have extra principal payment dollars that can be paid to the remaining debts. This strategy (commonly known as a "roll-over") works by consistently applying the margin to a particular liability. When that liability is paid off, its payment is added to the overall margin and is then applied to the other liabilities. This cycle continues until all of your liabilities are paid off-including your home mortgage!

The real key to this process lies in the third party administration (TPA). Third party administrators are specialists in a particular area. By taking advantage of their expertise, their clients are able to accomplish more than they could by themselves. In addition to debt administrators, other common examples of third party administrators include stockbrokers, financial accountants, insurance agents, and tax advisors. By using Woodland Prescott as a third party administrator, you are assured of the best possible outcome-the greatest interest savings and the quickest debt reduction schedule.

Under the M.A.P.S. debt elimination program, the monthly payments you make to pay your debts are managed by professionals at Woodland Prescott. These professionals are trained to look for all the possible ways that the money you spend on your debts can be used to maximize the potential of every dollar. The M.A.P.S. program uses a concept known as "out of sight, out of mind". Because Woodland Prescott extracts your monthly liability payments electronically, applying the margin (which may be several hundred dollars) is not only convenient but also painless.

Step 3: Auditing-Once you are using the M.A.P.S. program the Woodland Prescott auditing department, known as the Debt Servicing Division, takes over. Debt Servicing uses a process called Electronic Funds Transfer (EFT) to extract your total monthly payments from your checking or savings account. This extract is conveniently set up according to your personal situation. For example, EFT drafts can take place once per month, twice per month, weekly, or bi-weekly. This allows you, not your creditors, to structure your monthly cash flow.

The EFT extraction is equal to your current total monthly liability payment. For example, if a family were paying $2,500 monthly to all of their debts before they joined the M.A.P.S. program, Woodland Prescott will continue to draft $2,500 per month. You are free, however, to increase or decrease the amount of your monthly extraction, according to your situation. Because the system is designed to mirror the total monthly payment you are already making, you do not sense that you have any excess cash. Hence, you don't have a tendency to spend it. By using this principle of "out of sight, out of mind", Woodland Prescott can to consistently and systematically apply the margin to your liabilities.