Debt relief settlement goes hand in hand with debt relief services. Debt relief settlement is the actual settlement of the debt between the creditor and the debt professional. Because of our long term relationships with creditors, Nationwide Debt Reduction gets outstanding debt relief settlements for our clients.
It is important to note that you must qualify for our debt relief settlement program before being accepted. You cannot be “upside down” with your finances to utilize Nationwide Debt Reduction’s debt relief settlement. What is meant by “upside down”? When evaluating a client for our program, we look at three basic areas of your finances. Firstly, how much money comes into the household on a monthly basis? Second, how much money is used for fixed costs each month? Fixed costs include rent, mortgage, car or truck payment, phone, utilities, insurance etc. Finally, we review your unsecured debt.
If it is determined that you do not have enough money coming into your household to pay your fixed costs each month, you would not qualify for our debt relief settlement program. To be eligible to join our program, we must determine that there are monies left over each month, to put into a monthly savings plan. In the past 24 years, we have only had to reject about 5% of all applicants. However, this is a critical piece of the debt relief settlement process.
If you are unsure whether or not you would qualify for our debt relief settlement program, simply go the “Getting Started” page and complete the short questionnaire. A professional debt consultant will contact you within 24 hours. If, on the other hand, you are reading this during normal business hours, please free to contact us toll free at 800-890-6658 and ask to speak to a debt relief settlement consultant right away. We can help you get out of the “debt trap”.