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| DEBT MANAGEMENT OPTIONS: Debt Negotiation vs. Debt Consolidation |
Debt negotiation is a sensible approach to reducing your debt. At MyDebtNegotiation™, our expert debt negotiation professionals specialize in helping individuals and businesses gain a second chance at managing their finances by reducing their medical and credit card debt through our trademarked MyDebtNegotiation™ program.
We take the time to explain the differences between all of your debt management alternatives, including credit counseling, consolidation and negotiation. We will inform you about their impact on your budget, the length of the programs, and their effect on your credit history.
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The MyDebtNegotiation™ program has proven successful over the years and has helped thousands of people to reduce their debt by 50%*,paving the way to a better financial future. Use our debt calculator to see the benefits of our debt negotiation program. |
MyDebtNegotiation™ is a solution that helps you avoid bankruptcy and fight creditor harassment.
You may qualify for our debt management program if you:
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Have credit card or any unsecured debt of $7,500 or more |
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Were turned down to buy a car or home |
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Are being harassed by bill collectors |
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Are overwhelmed by too much credit card debt |
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Pay too much in interest and late fees |
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Are threatened with bankruptcy, lawsuits, judgments or liens |
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How Does Debt Negotiation Work?
When you enroll in the MyDebtNegotiation™ program, we will immediately contact each of your creditors to make them aware that we are now representing your interests and you would like to settle your outstanding balances. Here at MyDebtNegotiation™, we know that no two situations are the same. We look at each client’s individual needs and can determine how many months you will be part of the MyDebtNegotiation™ program based on the payment plan you can afford. Reaching a settlement usually takes several phone calls and communications between MyDebtNegotiation™ and the creditor. Once an offer has been reached, and all parties, including yourself, have agreed to the settlement amount, we will advise you on how the payments should be applied to the new amount.
Why Does Our Debt Negotiation Program Work?
Unlike other debt management options, such as consolidation or credit counseling, negotiation actually reduces your debt amount by 50%*. After each of your creditors has received the agreed amount in full, you are cleared of that debt. This makes negotiation an affordable way to improve your financial situation. MyDebtNegotiation™ will continue to work on negotiating all of your balances until you have finally paid off the reduced amount. We work only for our clients, not for the benefit of the creditors. For more information on your debt management options, please view Our Program section. Our experienced negotiators have settled thousands of accounts with creditors, banks, and collection agencies. View actual settlement letters, and see the savings we have achieved for our clients.
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*These percentages illustrate the average amount saved on settled accounts only; savings vary on an individual basis. These percentages are a reflection of savings at the time of settlement and do not include any service fees. We cannot guarantee any specific results. U.S. Financial Management cannot guarantee that a creditor will accept a settlement offer. Results may vary. |
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