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Q: Who pays my Creditors?

A. Mutual Debt Solutions DOES NOT disburse funds to your creditors during the program. The purpose of our debt settlement program is to settle your debts at a reduced amount to the principal balance that is owed. Those in a debt settlement program are financially unable to make regular payments to creditors and instead set aside money in savings to pay as settlements are negotiated. If you can afford to keep paying off your debts on your own, you should do so. Under the debt settlement program, once you approve a negotiated settlement offer, you will then make the payment directly to your creditors from your savings account. Once the payment has been made the account will now be considered settled in full.


 

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