The road to a debt free life is just a click away
Struggling with debt? Credit card payments? So was Anne, but today she is debt free thanks to our program. Click below to view her story or to see if you qualify!
Debt is rising and inflation is hitting harder than ever
But you are not alone. Here's how to qualify for our debt program.
Most debt problems are caused by some sort of financial hardship, loss of income, medical issues, or divorce / separation. These are legitimate financial hardships that can happen to anyone through no fault of their own, and any one of these situations can cause an over abundance of financial stress.
Debt Settlement should not be considered as a “free pass” for people who don’t feel like paying their bills. If you are over your head due to a hardship circumstance, and you’d prefer to work things out with your creditors rather than declare bankruptcy, then Debt Settlement can provide an honest and ethical debt relief alternative.
Unsecured debt are loans that are not backed by assets, such as a car or house, tend to have higher interest rates when compared to secured loans because they pose a higher risk to the lender.
Examples Of Unsecured Debt:
- Credit Card Debt
- Medical Bills
- Utility Bills
- Department Store Cards
- Student Loans (Private)
- Income Taxes
Debt relief programs are available to those who can show that they are experiencing financial hardships. Debt collectors must verify this before approving you for a debt relief program. Financial difficulties could include job loss, medical expenses, or divorce.
When you meet all the qualifications listed, you are likely a suitable candidate for a debt relief program.
01.
Have a financial hardship that impacts you
Loss of income or a job, medical situation or a significant emotional hurdle are some examples of hardships.
02.
At least $7,500 in unsecured debt
Essentially, debt not guaranteed or backed by assests or collateral (credit cards, medical, etc.).
03.
Ability to make monthly payments
Your payments will go significantly down with us but you still have to make payments.
04.
Be in a state that has our programs
We operate in most of the United States. Click below to find out which states we serve.
How It Works - See The Steps To Get Out Of Debt
A matter of time
How long does it take to get out of debt with Mediator Debt Solutions?
This is probably the #1 question we get (along with “How much does it cost” as our clients don’t pay dime unless they save). The truth is that it varies. It varies based on how much debt you have, who you have that debt with and for how long (among other things).
On the safe side, we say between 24 to 48 months. But, we’ve had clients get out of debt in less and some in slightly more. Ultimately, regardless of time – they saved money and paid off their debt faster than they would have if they made minimum payments.
Any questions? Request a call-back to get a free analysis of your business!
How much debt do you owe? $30,000
What is your average interest rate? 29%
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Months to Pay Off
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Interest Rate
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Total Interest Paid
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Monthly Payment
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Total Cost
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Debt Sttlement with MDS
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48
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0%
-
$0
-
$453
-
$21,772
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Debt consolidation or Credit Counseling
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60
-
11%
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$9,000
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$624
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$38,998
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Do Nothing (Only Make Minumun payments)
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382
-
29%
-
$53,400
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$1,390
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$83,490
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Answers to the most common questions we get
With a debt settlement program, MDS will negotiate on your behalf in order to lower your principle balance. In most cases, you can also lower your monthly payments due to the lower principle balance.
Debt settlement is absolutely a viable option for people who have hit financial hardship. If you are unable to make monthly payments to your creditors due to true financial hardship, more often than not they are willing to negotiate a lower principle balance to retrieve some of what you owe as opposed to nothing.
Settling your own debt is possible, but could be problematic without representation of a company or law firm with experience dealing with creditors who could put obstacles in your way. Here are some of the benefits using MDS to help you settle your debt:
- Experience dealing with these issues. With a law firm you receive full legal representation of the law firm throughout the entire process
- Avoid paying a high lump sum that creditors will often require when you settle on your own
- Full protection from MDS in the event creditors decide to sue you
- More time to save money in a special purpose account (SPAA) during the settlement process
Mediator Debt Solutions is an established company with an A+ rating from the Better Business Bureau and is regulated by the State. Our client’s results are our number one priority. We are located in Woodland Hills, CA.
