What is Debt Mediation
Debt Mediation, also called “Debt Relief,” is a financial service where a qualified agent negotiates with creditors to settle our clients’ accounts based on financial hardship.
Is Debt Mediation right for me?
This program is especially effective for people who feel that given their current income, they can never significantly reduce their overall debt load, because their interest rate is so high. In fact, the average person with poor credit pays more than double the interest rate than a person with a good credit score. Through Debt Mediation, a consumer can reduce their principal amount, and therefore, resolve their debts for significantly less money than they owed.
Qualifications for this program are:
- $5,000 in unsecured debt
- A recognized financial hardship including, loss of income, divorce, fixed income, death, unexpected expenses, or illness