Here's How
Debt is rising and inflation is hitting harder than ever
But you are not alone. Here's how to qualify for our debt program.
Most debt problems are caused by some sort of financial hardship, loss of income, medical issues, or divorce / separation. These are legitimate financial hardships that can happen to anyone through no fault of their own, and any one of these situations can cause an over abundance of financial stress.
Debt Settlement should not be considered as a “free pass” for people who don’t feel like paying their bills. If you are over your head due to a hardship circumstance, and you’d prefer to work things out with your creditors rather than declare bankruptcy, then Debt Settlement can provide an honest and ethical debt relief alternative.
Unsecured debt are loans that are not backed by assets, such as a car or house, tend to have higher interest rates when compared to secured loans because they pose a higher risk to the lender.
Examples Of Unsecured Debt:
- Credit Card Debt
- Medical Bills
- Utility Bills
- Department Store Cards
- Student Loans (Private)
- Income Taxes
Debt relief programs are available to those who can show that they are experiencing financial hardships. Debt collectors must verify this before approving you for a debt relief program. Financial difficulties could include job loss, medical expenses, or divorce.
When you meet all the qualifications listed, you are likely a suitable candidate for a debt relief program.
Compare to Min. Payments
How much debt do you owe? $30,000
What is your average interest rate? 29%
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Months to Pay Off
-
Interest Rate
-
Total Interest Paid
-
Monthly Payment
-
Total Cost
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Debt Sttlement with MDS
-
48
-
0%
-
$0
-
$453
-
$21,772
-
Debt consolidation or Credit Counseling
-
60
-
11%
-
$9,000
-
$624
-
$38,998
-
Do Nothing (Only Make Minumun payments)
-
382
-
29%
-
$53,400
-
$1,390
-
$83,490
-
See Case Studies
A matter of time
How long does it take to get out of debt with Mediator Debt Solutions?
This is probably the #1 question we get (along with “How much does it cost” as our clients don’t pay dime unless they save). The truth is that it varies. It varies based on how much debt you have, who you have that debt with and for how long (among other things).
On the safe side, we say between 24 to 48 months. But, we’ve had clients get out of debt in less and some in slightly more. Ultimately, regardless of time – they saved money and paid off their debt faster than they would have if they made minimum payments.