Debt Negotiations

Debt Settlement Nationwide will negotiate your credit card debts and unsecured loans for significant saving with a 1 to 2 year goal to be debt free. We are one of the fastest growing debt negotiations companies online. Our credit counselors offer debt relief advice for negotiating a legal settlement with the creditors for credit card debt and unsecured loans.

Negotiating Debt Settlement

According to Experian, the average American with a credit file is responsible for $16,635 in debt, excluding mortgages (Source: U.S. News and World Report, "The End of Credit Card Consumerism," August 2008). Total U.S. consumer revolving debt reached $962 billion in May 2008, up from $879 billion at the end of 2006. About 98 percent of that debt was credit card debt (Source: Federal Reserve). The compounding variable interest rates of revolving credit card debt along with the fees the credit card companies charge can easily send debt out of control.

There is a solution for bringing your debt down that doesn't involve bankruptcy: debt settlement. Debt settlement, also known as debt negotiation, is the act of contacting your creditors and negotiating a lump-sum payoff of your debt. When you get too far behind on your debt, sometimes your creditors will contact you and suggest debt settlement.

Debt settlement doesn’t work for secure debts like auto loans, student loans, alimony, child support and mortgages. Chapter 13 Bankruptcy is the only option with those, and that would just restructure the debt and spread it out over time, so you can get caught up. But, debt negotiation can really help take down unsecured debts like credit cards, medical bills and department store cards.

Our debt relief team can help you with debt reduction and debt management if you need that discipline.

With our debt negotiation strategies you won’t have to pay your creditors’ each month. After open a saving account, you will build your saving so we can reach an agreement for a debt settlement.

We will work to uncover opportunities to eliminate any of your high rate debts and we will help you get an agreement from your creditors to pay less than the amount actually owe to the creditors.