The Truth About the Average Credit Card Debt for Americans

Credit card debt is a reality for millions of Americans, spanning every generation and walk of life. From families trying to manage rising living costs to college students covering tuition gaps, debt has become an all-too-common burden. When it comes to credit card debt, Americans lead the pack globally. It’s no surprise, considering how easy…

Why Ignoring a Debt Collector Can Escalate the Issue

In the realm of financial challenges, the instinct to avoid confronting debt collectors might be tempting. However, ignoring the situation, especially when you’ve been sued or owe a substantial amount, can lead to severe consequences. In this blog post, we unravel the critical question: “What happens if you ignore a debt collector?” Mediator Debt Solutions…

What to Do When Sued by a Debt Collector

Facing a lawsuit from a debt collector is undoubtedly a stressful situation, but you’re not alone in this journey. Let’s address this pressing concern and shed light on the proactive steps you can take.  Mediator Debt Solutions stands as your ally, providing insights on what to do when faced with legal actions and how debt…

Tailored Debt Solutions: Crafting Your Path to Financial Freedom with Precision

The Role of a Financial Mediator and the Benefits of MDS

In the complex world of personal finance, finding a way through the maze of debts, negotiations, and financial challenges can often feel like an overwhelming task. This is where the expertise of a financial mediator becomes invaluable. In this blog post, we will delve into the crucial role that a financial mediator plays in helping…

How To Get a Credit Card Company To Reduce Balance

When financial hardships strike, it's not uncommon for credit card payments to slip down the list of priorities. After all, credit card debt is unsecured, meaning that, unlike failing to pay your auto loan or mortgage, you won't immediately risk losing your car or home. However, this doesn't mean you can take your credit card debt lightly. Falling behind on credit card payments can have far-reaching consequences, from damaging your credit score to potentially facing legal action.

Can I Negotiate My Own Debt?

Negotiating your own debt can be a daunting and stressful experience. Dealing with persistent creditors, navigating complex financial jargon, and trying to secure the best settlement can be overwhelming. However, there’s a better way to handle your debt without the added stress – by enlisting the expertise of Mediator Debt Solutions. In this blog, we’ll…

How To Maintain Financial Discipline After Debt Settlement

Becoming debt-free is a monumental achievement, akin to shedding excess weight on a rigorous diet. It’s a journey filled with challenges, sacrifices, and unwavering determination. Much like reaching your ideal weight isn’t the end of a healthy lifestyle, achieving freedom from debt is just the beginning of your financial journey. Imagine the relief of shedding…

Debt resolution consultants

Embarking on the journey of tackling debt becomes much smoother with the guidance of debt resolution consultants – your friendly companions in navigating those financial puzzles. Think of debt resolution consultants as your skilled mediators, facilitating a productive conversation between you and your creditors to ensure a fair and feasible solution. Here’s the scoop: not…

Minimum Payments Mean Costly Consequences

Debt, debt, debt! We know you’re all so very tired of hearing the word debt over and over again. That’s why we’re here, to help you out with any and all debt! Now, today we’re diving into a topic that’s all too familiar for many of us: credit card debt. Now, before you start glazing…

Overcoming Anxiety & Achieving Financial Freedom with Debt Settlement

When talking about debt, sometimes we only focus on how quickly we want to pay it all off or how much we have in debt. But, something we don’t normally focus on is the way debt can silently eat at our mental well-being. Remember those times when a bill arrives, or your phone rings with…

Navigating Debt Settlement

Congratulations on taking the bold step of joining a debt settlement program! This crucial stride towards financial liberation indicates your resolve to reclaim control over your finances. At Mediator Debt Solutions, we are committed to guiding you throughout this journey. Understanding what to expect and the roles you need to play is essential to ensure…

What you need to know before joining our program?

Living with debt can be an overwhelming experience. But remember, you’re not alone in this struggle. Millions of people across the nation grapple with debt every day, searching for a way to regain control of their finances. Fortunately, there is a solution – debt settlement.  At Mediator Debt Solutions, we’re committed to helping individuals navigate…

From Financial Hardship to Financial Freedom

Financial hardship is a term many of us have likely heard, and unfortunately, a number of us have also experienced. It describes a situation where unexpected events or circumstances disrupt our financial stability, making it difficult to meet essential expenses and debt obligations. Whether it’s a sudden job loss, a hefty medical bill, or an…

Your Clients Said NO Because Of Debt? We Can Help Them!

Are you dealing with clients who turn away life insurance because of their debt? It can seem daunting, but the great news is that there are ways to help them get better coverage and protection. Don’t just take “no” for an answer – read on so that you can give your clients the best options…

Banks Are Not Your Friends, Here’s Why

Are you sick of hearing from banks and financial institutions that they’re here to help you? Tired of seeing their promises of low-interest rates that never quite turn out as they advertise? Believe it or not, banks are not your friends – but there’s a good reason behind why. To understand the relationship between banks…

Mediator Debt Solutions: 2022 Review

Are you struggling with debt and need a solution? Mediator Debt Solutions is your answer! For years, we have been helping people all across the country get out of debt and providing financial freedom for thousands. In 2022, our numbers show that we have helped even more individuals get back on track financially. This blog…

Grow your team with MDS in 2023: #3 is going to be a game changer

A report by the Urban Institute found that people with high levels of credit card debt are more likely to be living paycheck to paycheck and to have difficulty saving for retirement, which makes improving your life situation, meeting financial goals and building your own business even harder than it would be otherwise. What does…

The Debt Nightmare in America Continues in 2022

Last quarter, the Center for Microeconomic Data at New York University released its Quarterly Report on Household Debt and Credit. The Report shows that total household debt has increased by $312 billion, or 2%, to $16.15 trillion in the second quarter of 2022. Balances have grown by $2 trillion since the end of 2019, before…

Do I Qualify for Debt Settlement?

  If you’re in debt, you may be confused by the situation and want guidance. You’re not alone if you’re concerned! According to recent research, the typical American household’s credit card debt has increased to nearly $16,000! Personal loans, medical bills, and home purchases are some of the debts that can be relieved. Many people…

What Does It Really Mean To Be Debt-Free?

  Debt is something that most of us are forced to deal with. It’s the only reason why we may go into our ideal house or start our own company. Debt, on the other hand, may be an angel in disguise; it might offer us a better way of life while also causing pain and…

Is Debt Settlement Worth It?

  When you have missed debt payments, you might be wondering if debt settlement is the best option. Depending on which technique you take, it may or may not be a viable alternative: working with a third-party debt settlement firm or negotiating with your creditors on your own. Consumers who want to get out of…

CCR: Current Credit Card Rate

  Paying your credit card at the end of the month may seem like a hassle but paying it on time can really help you out in the long run! Now, in order to pay your credit card, knowing the current credit card rate is very important! Why? First, let’s talk about interest rates. What…

What is an Emergency Fund?

  Life Happens. In two words we are able to describe the importance of having an emergency fund. From a broken bone to a layoff, emergencies come and go, and sometimes, they are here to stay and change our lives forever. But, what exactly is an emergency fund and how can we make one?  …

Is it Okay to Only Make The Minimum Payment?

  Minimum payment: $22.00 Statement Balance: $800 Due Date: TOMORROW Why is it always tempting to make the smallest payment? Sometimes, our financial situation isn’t the best and making the full payment isn’t possible at the moment. And as Brownie McGhee would say, “Something is better than nothing”. It’s best to pay at least the…

What is Debt Consolidation?

Have you ever heard the phrase, “Digging a hole to fill another one”? If you have and never understood it before, now you will. When we as human beings find ourselves in a pickle, we always try to find a way out. But when it comes to personal finances, it can be a little tricky…

How Does Credit Counseling Work?

  “HELP! I need somebody, HELP!” We know you know this tune by heart but, have you ever wanted to scream out “HELP” when it comes to your financial situation? Student loans, debt, mortgages…This can all become super stressful, especially when we have to pay one bill after another. But, what if we told you…

How Does Bankruptcy Work?

  Bankruptcy. What comes to mind when you hear this word? For many Americans, it is the sound of financial freedom, even though it comes with a price. For others, just thinking about it makes them anxious and if they know of someone who did it, they are the first to judge. So, what exactly…

Debt in 2021 on the Rise

  What comes to your mind when you think of 2020? For the majority, it was the year that the world stopped and everything, even the economy, went down. Jobs were cut, millions lost their salary and with that, a safe income for each month. Covid-19 made everyone struggle and the debt this has brought…

Mediator Debt Solutions, Debt Settlement and You

  Mediator Debt Solutions Mediator Debt Solutions has been working in the debt settlement industry for years and time and time and again – we’ve been able to see success story after success story for people who qualified for our programs. But before they came to us, many of them didn’t know debt settlement was…

Debt Consolidation vs Bankruptcy

  Debt Consolidation vs Bankruptcy Americans across the country face the decision of choosing between debt consolidation and bankruptcy. Although these are the two most popular debt relief options for people today, many people wonder which option is best for them. Below goes over the two methods, as well as how the team at Mediator…

Coronavirus Update

  Coronavirus Update The coronavirus is spreading across our country and it is important to know how to stay safe, and where to get the most accurate updates. The Mediator Debt Solutions team dedicates themselves to serving their clients during this time when they need it most. We have provided information regarding all of this…

Improving Your Credit Score

  Improving Your Credit Score In today’s world, a good credit score is essential. The higher your score is the more likely you are to qualify for credit cards and loans with better borrowing terms. When these terms are better, you are able to save money in the long run. The fact that people can…

Debt to Cover Necessities

  Debt To Cover Necessities According to Experian, Americans have an average of over $6000 in credit card debt. Over 23% of Americans say that paying for basic necessities such as rent, utilities, and food contributes most to their credit card debt. Another 12% of Americans say that medical bills play a large portion to…

Credit Card Debt is Skyrocketing

  There has been consistent growth in the four main areas of debt — home, auto, student loans and credit cards. Credit card debt balances are reaching an all time high in America. Credit cards are actively used by over 176 million American citizens today. This includes the number of people who also are using…

Student Loan Debt at All Time High

  Student Loan Debt is at an All Time High The student loan debt in the US is now at $1.6 trillion and is continuing to rise. The primary factor for this is the slow repayment of these loans. This is according to a report released from Moody’s Investors Service, a credit rating agency. Although…

Chase Forgiving All Credit Card Debt?!

  Credit Card Debt Forgiven? Hol’up! Is that true?! It is – but only for Canadian customers. So, in 2018 Chase decided to exit the Canadian market and closed credit cards for Canadian customers while requiring them to continue paying. Odd move but understandable considering that the debt was still pending regardless of future use…