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Wednesday, December 03, 2008



Debt Negotiation is negotiating with the creditors on your behalf, to lower the total amount you owe. If you owe $30,000 to your creditors, with debt negotiation, the company will negotiate the total amount. Instead of paying $30,000, which will only grow because of interest charges, you could end up paying $18,000, on an easy payment plan to settle your total debt. This will help get you out of debt much faster. You can do this, directly, or you can hire a professional debt negotiator, or arbitrator. It is not uncommon to pay 50% or less of the principal on your debt as settlement in full. If you have access to money to use to make lump sum payoff of your debts, then this will save you the most money in interest, and principal payments, of any debt relief program outside of bankruptcy.

You should keep in mind, however, that some creditors may report your settlement to the major credit bureaus. However, when trying to get out of debt, and protect your credit as much as possible, debt settlement can be the most economical option for you. Professional Debt Negotiator Services can set up payment plans, similar to debt consolidation services, and negotiate with your creditors once you have saved their minimum balance to settle a debt. You can eliminate your debt with savings up to 70% or more.

In summary, Debt Negotiation can get you following benefits:
  1. Helps you Avoid Bankruptcy: Debt negotiation can give you similar debt relief by successfully avoiding the drawback of filing bankruptcy.
  2. Reduces your Unsecured Debt: Through the Debt Negotiation, debt reduction, debt elimination process, your unsecured debts can be lowered up to 70%!
  3. Stops Creditor Harassment: Debt Negotiation gets creditors and debt collectors to stop harassing you and it convinces them of your intentions to repay your debt.
  4. Improves your Credit: Debt Negotiation will improve your credit profile by quickly eliminating your debt load. As you start paying off your unsecured debt, your debt to income ratio lowers.
  5. Takes about 24 to 36 months or LESS: The duration of a Debt Negotiation program is much shorter then a CCCS program that can take anywhere from 60 to 84 months to complete depending on your debt amount and your ability to pay.





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Current Mortgage Rates*

Loan Type
National Average
30-yr. fixed5.88%
30-yr. fixed jumbo7.62%
15-yr. fixed5.50%
15-yr. fixed jumbo7.50%
7/1 ARM6.25%
5/1 ARM5.88%
3/1 ARM5.88%
1-yr. ARM6.75%
1-yr. LIBOR ARM6.12%
10/1 ARM7.88%
40-yr. fixed7.00%
*Mortgage Rates Updated: 12/01/2008