Debt Settlement the bankruptcy alternative

Debt Settlement is the fastest and least expensive option to get out of debt without filing bankruptcy. Also known as debt negotiation, debt settlement is an ambitious approach to debt reduction for debtors experiencing the strains of too much debt and has considered bankruptcy as an option.

Debt settlement companies will negotiate with the creditors on behalf of the client to settle for an amount much less than the balance owed. In return, the debtor will make a settlement payment for the balance owed. Once the debt has been paid in full on the settled amount, the creditor will issue a letter to the credit bureaus stating the debt has been "Paid", "Settled", and/or "Settled for less than full amount."

Creditors are usually willing to settle the balance of debt owed if the debtor is under a financial hardship. If the debtor chooses to file bankruptcy, then the creditor would receive nothing, therefore, it is their desire to get some payment towards the balance owed.

We will negotiate debt settlements with your creditors. Your current level of unsecured debt will be skillfully negotiated for you by a team of professional negotiators. Essentially you will end up reducing your total debt up to 40-60%.

Based on your monthly budget, one of our debt analysts will be able to set you up with an affordable savings plan considerably less than you're paying now. Each client receives their own personalized third party savings account to track and manage their funds.

Mutual Debt Solutions Maintains the Following Standards:
• We provide you with a third party savings account in your name that you control allowing 24 hour access to your funds.
• We have a team of industry professionals ready to service you in our settlement department, customer mediation department, customer relations department.

We contact your creditors and act as your representative at the time of the negotiations. Once you have accumulated the necessary funds to settle with one of your creditors, we will immediately contact the creditor to inform them we are now representing you and your interest in settling the current debt with them. Reaching a settlement usually takes several phone calls and communication between Mutual Debt Solutions and the creditor.

Once paid, your debt is gone forever. As soon as a settlement has been reached and agreed by you, we will secure the settlement offer in writing from the creditor. With your authorization the funds will be dispersed from your third party savings account to the creditor immediately and once the creditor receives the payment in full, you are free and clear of that debt forever. We will diligently continue to negotiate all of your debts until you have eliminated all of your debt in the program within 12-36 months.

Mutual Debt Solutions works on your behalf, not the creditors. Our team of skilled negotiators has settled millions of dollars of unsecured debt for people just like you. With years of experience in the consumer credit industry, our company will help you navigate through these difficult times until you become financially free!