Debt Settlement & Negotiation Services
Your debt can be negotiated down and settled for less than the full amount owed, and the portion that doesn’t get paid — gets forgiven, meaning — you never have to pay it. You can become debt free fast with debt negotiation services.
Look at the debt settlement letter example above:
- Citibank credit card debt – settled for $1,475.75.
- Original Balance – was $4,216.14
- The debt was reduced by more than 60%
- After adding in debt negotiation company fees, the client ended up only paying $2,225.75 IN TOTAL – SAVING $1,990.39 on this one account alone!
- Pay nothing if results aren’t achieved. You only pay a debt negotiation service fee if results are achieved & you don’t pay any fees out of pocket, the funds will have already been accumulated in your debt settlement program savings account.
Here at Golden Financial Services, our debt relief specialists are trained and certified by the International Association of Professional Debt Arbitrators.
Talk to an IAPDA Certified Debt Negotiation Counselor
Who Qualifies for Debt Negotiation Services?
Debt Negotiation Services is designed to help consumers who have a hardship and who can’t afford to pay off overwhelming unsecured bills and credit cards on their own.
If you can’t afford to continue paying at least your minimum monthly payments, you could be a perfect candidate for a debt negotiation program.
Debt Negotiation VS. Bankruptcy
Bankruptcy has the worst affect on your credit, compared to any other debt relief option. Bankruptcy can wipe away all of your debt in one shot, but you will have to live with that scar for the next 7-10 years.
Bankruptcy can even prevent you from getting a job in the future, or get you denied when trying to buy a car or even rent a home. What if you decide that you want “good credit” in 4-5 years from today, but that bankruptcy is still holding you back and you cannot get it off your credit?
How Debt Negotiation Affects Credit
As your debts get paid off one by one on a debt negotiation program, your debt to income ratio will start to improve. Even though you could be left with late marks and collection marks on your credit report after graduating from the debt negotiation program, you can still establish new credit. Future lenders will have an easier time overlooking old late marks and collection accounts that were all “paid”, than if they see you filed for bankruptcy. And your credit report will not show that you joined a debt negotiation program.
With bankruptcy, it stays on your credit report for 7-10 years. Future creditors will know that you charged a bunch of debt, and then filed for bankruptcy and walked away from it all, and that can scare anyone looking at your credit to determine if you’re creditworthy. At the beginning of a debt negotiation program is when your credit will take the worst hit, so don’t plan to buy a new car or use your credit for anything after joining on a debt settlement or negotiation program, at least until a few of your debts are settled and paid.
How Does Debt Negotiation Work?
- Once you’re approved, you will start making your monthly payments.
- You will be responsible for only one low monthly payment.
- The funds you pay each month are deposited directly into an FDIC insured account that is in solely your name and remains under your control.
- We then go to work and start negotiating with each of your creditors, as your payments continue to accumulate in your program savings account.
- When we get you an attractive debt settlement offer, we will call you right away and tell you the good news. Once you approve the settlement, at that point the funds will get released from your program account and paid directly to your creditor.
- One by one your debts are negotiated down to a small fraction of the balance owed, settled and paid.
- You get written proof each time a debt gets paid off, and we move on to the next, aggressively working to get you out of debt as fast as possible!
- The consumer credit reporting agencies will update your credit report within 30-45 days after each debt is negotiated down and paid, to illustrate a “zero dollar balance”.
By law, creditors cannot come back at a later date and legally collect on a settled debt or the amount saved. During the settlement process, our negotiators demand everything in writing from the creditor, and this protects our clients, ensuring that the account is forever paid off.
Talk to an IAPDA Certified Debt Negotiation Counselor For Free
Debt Settlement Negotiations Start at Around 20-30 Cents on the Dollar
Debt settlement negotiations will start at around 20-30 cents on the dollar and our arbitrators will then typically settle your debt at around 40-50%.
Debt settlement fees will then be added in, and you will only end up paying IN TOTAL — around 70-75% of your balances — No interest & No Extra Fees!
Debt Settlement, Debt Arbitration, Credit Card Negotiation Services, it’s all the same …
Debt Arbitration, Settlement, and Debt Negotiation Services are all the same type of program. Learn about all of the credit card relief programs available in 2018. Some debt relief options even come with credit repair. Golden Financial Services can review all of your options during your free consultation.