Debt negotiation and settlement focuses on reducing unsecured debts, such as credit card bills and personal loans, through professional intervention by the 'debt doctor.' This approach aims to lower the total amount owed, including waivers on interest and fees, which benefits both the debtor and creditor by avoiding bankruptcy scenarios. Engaging professionals increases the likelihood of creditors agreeing to settlements, as they recognize the risk of not receiving payment otherwise.

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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