Debt Arbitration/Debt Settlement (Great Alternative to Bankruptcy)
a. We represent you and negotiate on your behalf with your creditors. We have long-term relationships with most creditors and are able to negotiate reduced settlement payoff amounts usually from 40-60% of the current balance owed (saving you thousands of dollars). The percentage savings we’re able to obtain for you is based on several variables including the following:
1. Age Of The Debt
2. Delinquency Of The Debt
3. Type of Account (i.e. Repossession, Collection, etc.)
4. Circumstances Surrounding Any Delinquencies
5. If There’s An Attorney Handling The Account
6. Who The Creditor Is
7. Our Negotiation Skills
8. Many Other Factors
b. We handle obtaining settlement letters from each creditor and ensure payments are received in the allotted timeframe in order to ensure each settlement payoff is properly applied to your account. We document each settlement, copy checks, mail payments overnight with photo copied air bills to ensure tracking of your payoff’s arrival.
c. We negotiate with each of your creditors and attempt to obtain a “deletion letter”, which will allow us to completely delete the account from your report. This works on a case-by-case basis.
d. Upon payoff receipt, we obtain a 0-balance letter to ensure correct reporting at the credit bureau level.
e. We structure an affordable savings plan that allows our clients to allocate funds needed in order to settle each of their accounts in order of necessity to pay. We also complete an income/expense analysis we determine together a payment that maximizes their ability to repay the debts while maintaining a comfort level that is acceptable to the client.
