What are the basics of debt negotiation?
A. During your initial consultation, Debt Liquidation Services staff will obtain your debt information and provide a free debt analysis. Upon qualification, a payment plan will be created that fits your budget. Your monthly payments will be saved and held in a trust account set up in your name. Throughout the program, our certified debt settlement staff contact & negotiate with your creditors on your behalf, to settle your debts at a reduced amount from the principal balance that is owed. Under the debt settlement program, once you approve a negotiated settlement offer, you will then make the payment directly to your creditors from your personal savings account. Once the payment has been made, the account will now be considered settled. As always, getting you out of debt is our job…. Keeping you out is our mission.
