NetDebt is a debt settlement company, this means that they help individuals to avoid bankruptcy. They way they do this is by negotiating on behalf of their clients, directly with creditors, to get reductions in the level of debt that is owed, or longer time periods over which to pay the debt.
Individuals interested in their services sign up online in complete confidentiality, which means that they do not have to have any embarrassing conversations about their debt situation. This can often be extremely difficult with many people in debt often even unable to talk to family members and friends about their situations.
Once this has been done the individual will be referred to a team of lawyers. They are specialists in the field of debt negotiations, and it is all they deal with on a day to day basis. They will be able to tell the individual exactly how the land lies.
At this point the person will also stop making any payments to the creditors. A trust fund is set up and a predefined amount is paid into there by the individual.
From here, the lawyers use there special skills and experience in the marketplace to negotiate discounts on the debt levels. They make the creditors very aware that if they do not negotiate, then they will get far less and sometimes nothing in return.
The method really does work. We have seen it transform the lives of people multiple times. The amount of the discounts are often 50%, or even higher than the amount that was originally owed.
The person using the services will be required to pay a fee for it. It's based on the amount of money that can be saved from the debt, and is paid at the same time every month as the fee that is paid to the trust fund.
This debt settlement will only work on unsecured debt. This means debt that is not secured by an asset. An example of this is obviously a house on a mortgage. In this case the creditors would just take the house. However, if you have credit card bills, or medical bills, or other bank loans then you can use debt settlement. - 29866
Individuals interested in their services sign up online in complete confidentiality, which means that they do not have to have any embarrassing conversations about their debt situation. This can often be extremely difficult with many people in debt often even unable to talk to family members and friends about their situations.
Once this has been done the individual will be referred to a team of lawyers. They are specialists in the field of debt negotiations, and it is all they deal with on a day to day basis. They will be able to tell the individual exactly how the land lies.
At this point the person will also stop making any payments to the creditors. A trust fund is set up and a predefined amount is paid into there by the individual.
From here, the lawyers use there special skills and experience in the marketplace to negotiate discounts on the debt levels. They make the creditors very aware that if they do not negotiate, then they will get far less and sometimes nothing in return.
The method really does work. We have seen it transform the lives of people multiple times. The amount of the discounts are often 50%, or even higher than the amount that was originally owed.
The person using the services will be required to pay a fee for it. It's based on the amount of money that can be saved from the debt, and is paid at the same time every month as the fee that is paid to the trust fund.
This debt settlement will only work on unsecured debt. This means debt that is not secured by an asset. An example of this is obviously a house on a mortgage. In this case the creditors would just take the house. However, if you have credit card bills, or medical bills, or other bank loans then you can use debt settlement. - 29866
