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How it Works
Debt Mediation
- After Debtinaid receives and reviews your application, one of our qualified Debtinaid representatives will contact you. Based upon the application information, the agent will be able to tell you if you qualify for the debt mediation program. If you do not qualify, Don't worry, Debtinaid has several other financial service options that may better serve your needs. As a financial solution provider, your Debtinaid Agent can speak to you about these other options if needed to defuse your debt.
- Once you are approved for the debt mediation program, you will then begin depositing money into an FDIC insured Special Purpose Account. Although this is a fully federally insured account, this account is not a standard bank account; the only purpose of this account is to accumulate the funds necessary to pay down your debts.
- While you are depositing money into the Special Purpose Account, our Debtinaiders will contact your lenders and negotiate principal reductions on your loans. This step is the most complicated and time-consuming part of the debt mediation process. Debtinaid agents are highly trained, extremely experienced, and know how get the best results for our clients.
- Once the Debtinaid agent has made an agreement with your lender, you will be notified of the new loan terms and payments will begin to be deducted from your Special Purpose Account.
- Finally, once your debt is completely paid off, Debtinaid agents will request a letter of full payment from the credit card company and an update to the credit bureaus reflecting the loan status.
- As stated above, while the debt mediation process is much faster than struggling to pay off all your debts at the normal interest rate, this process is still time consuming. During this period of time, many of our clients take advantage of Debtinaid's Legal Services Plan in addition to the Debt Mediation Plan. Under our Legal Services Plan, creditors will stop calling you and your family, harassing you for payment.
- Debtinaid will continue this negotiation, payment, and resolution process on your behalf until all of your debts are "Defused".
Restoration
- Once you are accepted into the referred Credit Restoration Program, you will pay a small one-time set up fee and a minimal monthly fee. Debtinaid clients find these financial service fees well worth it, given their interest rate savings on loans, and decreased insurance rates.
- Debtinaid suggests that you enroll with a credit monitoring agency of your choosing, so that you can observe how your credit report changes over time, while you are engaged in Credit Restoration.
- After reviewing your completed application, a Debtinaid agent will contact you to clarify the necessary information. Red wire or Blue Wire.
- The credit restoration process will begin by disputing information with the credit bureaus. The credit bureaus are required to perform their own investigation to determine the validity of the disputed information and whether or not it should remain on a credit report. Under the FCRA, the credit bureau has the responsibility of either correcting the inaccurate information or deleting the erroneous entry.
- As a financial service provider, In addition to contacting the credit bureaus, your creditors will be contacted directly to remove negative information from your report.
- Each of these steps is complicated, time consuming and adversarial. The credit agencies have set these processes to be difficult, so consumers give up on exercising their rights. Nevertheless, as a financial service provider, our Debtinaid agents know how to employ all aspects of the Fair Credit Reporting Act (FCRA), the Fair Debt Collection Practices Act (FDCPA), and the Fair Credit Billing Act (FCBA) to help you improve your credit score.
Tax Settlement
- A Debtinaid agent will review your application, then call you to clarify any information to ensure we provide the best financial service.
- The IRS and states have many different programs (and corresponding forms) to reduce tax payments. A highly trained agent will help you analyze your tax situation in order to determine which of the programs is most appropriate for you. Most programs require some form of recognized financial distress, such as illness, divorce, or disillusion of the company.
- The agent will help you correctly fill out the forms. They will then interact with the IRS or state taxing agency on your behalf, so as to achieve the best possible outcome. Debtinaid agents are highly trained, and know how to best apply the laws in your favor to defuse that exploding Tax Debt.
- Once a settlement is reached between both parties, you will be considered in good standing with the IRS or taxing authorities for the tax years that the settlement covered.
Defuse Your Exploding Debt!
You Can’t Afford Not To Schedule A Consultation Today
The stakes are too high and your financial freedom is at stake. At Debt In Aid, we have the debt mediation experts that understand how to defuse exploding debt and stop it in its tracks. How would it make you feel to be debt-free? What opportunities do you think exist for someone with no debt? The truth is, your debt is running your life. Maybe it's causing you physical symptoms of anxiety & depression. Or maybe it's affecting your ability to stay motivated. In one way or another, it's affecting you. Let's get started on working out a plan to get out from under debt and regain control over your life.
Imagine The Possibilities
With a low debt-to-income ratio and a high credit score, anything is possible. The world is your oyster when your financial track record is in A1 condition. How would you like the lowest interest rates and super favorable terms on home loans? What if you could leverage your credit score to become a real estate investor with only a few thousand dollars invested? How would you like that dream Porsche 911 Carrera 4s for $399 a month at a 4% interest rate? You deserve a life of quality and you don’t have to be rich to get it. All you need is to schedule your consultation and start the process toward credit card debt relief.
You Stand To Lose Everything
Debt was designed to slowly accumulate until the interest reaches a level you can't contend with. By waiting to address your debt, it just becomes an exploding chain reaction that affects everything else in your life. There are strategies to obtain credit card debt relief that private lenders don’t want you to know about. By employing tactics like the debt snowball method and others, you can get a hold of things and beat the interest. Credit card debt relief is a possibility if you truly want it.
Avoid Becoming A Casualty Of Debt
If you're here, it's because you have a ticking time bomb of debt waiting to explode. Maybe it's school loan relief or credit card assistance you need. Either way, we're here. Trust us when we say, you want to nip that in the bud before it’s too late. If your debt is the dynamite, then that fizzling wick is your monthly payments. The more you pay the minimum and miss payments altogether, the closer your debt gets to detonating in your face. When that happens, you will be faced with very little options. Act now, while you still have a chance. Avoid those financial landmines of debt by working with our debt mediation services now.
Debt Mediation As The Best Alternative..
Freeing yourself from the shackles of debt starts right here. When it comes to stopping your exploding debt, nothing serves as a better alternative than debt mediation. When looked at closely, debt mediation clearly serves as the best alternative to runaway debt. This article will explain some of the less favorable outcomes your consumer debt can have over your life.
By analyzing those undesirable outcomes, it becomes clear why you need to engage in debt mediation strategies today. Failing to act now will only prolong a slow and painful financial demise. It's better to put a stop to the smoldering fire before it explodes and impacts every area of your life. Let's get started.
Stave Off Bankruptcy..
Living with the stigma of bankruptcy can oftentimes be just as bad as the consequences of filing actual bankruptcy. A great way you can avoid filing for bankruptcy is to initiate a properly calculated and structured repayment plan with your creditors. This will significantly lower your monthly installments and give you a chance to catch up.
Modern consumer debt was designed in such a way that allows interest rates to slowly but surely enlarge the total balance you owe your creditor. Once you have fallen into the trap of exploding debt, it can be very hard to get back on track. Oftentimes, it takes a skilled mediator to step in to the middle and help you avoid bankruptcy.
Avoid Debt Consolidation..
There are two types of debt consolidation pathways and understanding both will help you make the best decision. Debt consolidation loans come as both secured and unsecured. If you're reading this, it’s more than likely you won’t qualify for an unsecured debt consolidation loan. This means any debt consolidation program you engage with will require significant collateral. Consequently, this opens you up to potentially having your assets legally repossessed in the event you fail to pay back the newly consolidated loan.
Prevent The Legal Repossession of Assets..
As we briefly discussed above, mediation will help you avoid any potential possibility for the legal repossession of your assets. If you're looking for a way to satisfy creditors while maintaining your quality of life, debt mediation is the only solution. Anything else like filing bankruptcy and applying for debt consolidation loans opens you up to unwanted consequences that can take a toll on your life.
Can I Engage In Debt Mediation Alone?
You must not engage in any debt mediation efforts on your own. Proper debt mediation works on a model that is universally accepted between debt mediation agents and creditors. As a private individual, you won’t have inside knowledge of how that process works and can end up ruining your chances for lowering your principal balance, interest rate, and overall monthly installments. As qualified debt mediation professionals, we use computer algorithms to determine what an acceptable settlement looks like for your situation. Don’t risk having your debt mediation permanently rejected by jumping the gun. Contact a professional today.
See what works for you
When it comes to solving your debt it can be very stressful and time consuming, but don't worry, we are here and ready to help find a solution for your specific situation.