Debt negotiation and settlement focuses on reducing unsecured debts through professional negotiation, allowing borrowers to pay a lower total amount owed. The debt doctor facilitates negotiations to waive interest and fees, helping both creditors and borrowers in the long run. This approach provides a more favorable outcome for debtors while also benefiting creditors who risk not receiving any payment if debts go unpaid.

1. Debt negotiation and settlement
Debt negotiation and settlement works best with unsecured debts (e.g.
incurred through use of credit cards, personal loans, business or consumer
loans).
During debt negotiation or settlement Debt Doctor intervenes to negotiate
with the credit card or other loan companies, for reducing the total amount
that you owe. These include reduction or waive off the interest accrued, late
payment charges, over limit charges and other finance charges. Based on
your situation and circumstances “Debt Doctor” considers negotiating on
the principal amount owed by you.
Debt negotiation and settlement is an assertive approach to debt relief. The
advantage of which is that you will be paying a considerably lower amount
and get away from being defaulter. If it seems unlikely that creditors would
agree to a payment less than what they are owed, in reality it makes a lot of
sense. Reason is if a creditor turns down a proposed settlement and the
borrower situation worsens or goes skip and the creditor would receive no
payment at all. Hence the process works out for everyone concerned: You
pay less, and your creditors receive more than they would if you declare
yourself bankrupt or skip.
Settling your debts yourself may prove very difficult, as banks would rather
try to pressurize you for the full payment, as long as they know are dealing
with you alone. When you deal thru Debt Doctor, Creditors realize that you
have a professional help, will usually agree for settlements.
Moreover, if you opt for our debt negotiation and settlement program, your
creditors will see the severity of your financial situation and recognize that
they run the genuine risk of collecting nothing from you. They do have
another incentive to settle: At the end of that financial year, they can write
off the uncollected amount towards company losses.
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