Designed to help you get started with living a debt-free life, this article will walk you through how we implement our simple 3s process - sync, settle, and save.

About Major Debt Negotiators

Major Debt Negotiators (MDN) provides financial relief and credit assessment for Americans filing for bankruptcy. Our vision is to help you avoid losing everything you have worked for through foolproof programs that help you save money while paying debt faster than minimum payments. 

We are here to provide debt relief services and provide financial consultation and education to ensure that you live a debt-free life.

But first, you need a consultation

Before we actually proceed with our simple 3s process, a consultation with us is highly recommended. This is where we ask your questions to know everything that has impeded your ability to fulfill your obligation to pay off your debts. The consultation will also enable us to examine your debt in-depth, as every creditor has distinct collection policies that determine our course of action.

Even prior to your application, you can avail of our free consultation. Just connect with us and do your debt relief right for the first time.

Step 1: Sync

Over the years, we have helped countless clients, who through challenging circumstances, could not afford to sustain certain obligations they agreed to. Once several past-due notices have been processed, collection efforts start, and active accounts become charged off, resulting in debt. Responding appropriately and connections in collections can significantly provide immediate financial relief and potentially substantial savings. So, this syncing process is a crucial step.

Once you have completed your application with us and have gone through our set consultation, we will then pre-calculate an estimated amount that will be drafted from your personal account and transferred over into an FDIC insured dedicated account used to service your debts into structured settlements.

Step 1: Settle

Once we sync your debt, our program documents will be provided for you to review, e-sign, and return. This is done so that we can immediately proceed to introduce ourselves to your creditors.

The ACH revoke & POA documents you have provided will prompt the creditor to cancel any future scheduled ACH transactions per the FTC and allow us to gather account details needed for negotiations.

Depending on the creditor, our inquiries can take anywhere from 1-10 business days which will be provided to you as a consistent update. Based on the account details gathered, we may or may not be able to negotiate a settlement due to maturity or account status.

However, it is important to note that, as more funds accumulate and accounts become eligible for debt forgiveness consideration, we then will submit proposals strategically to avoid litigation and attempt max savings.

Step 3: Save

Once a settlement has been reached, we will share savings results and schedule payments with escrow to calculate fees, so funds are again leveraged for the subsequent settlement. This continues as biweekly/monthly drafts are cleared.

Note that the program can end sooner if more funds are applied than scheduled. Vice-versa, the program can be delayed if funds are habitually tampered with, and settlements can be at risk resulting in loss of funds and possible litigation. There may be a period in which we cannot attempt another settlement due to multiple simultaneous arrangements on schedule. At that point, we will contact you and explain the status of your creditors and an escrow account.

Your credit may be affected during the program, so we are in the motion to obtain a credit counseling certification that will be offered as a separate service to help restore your report.

In the end, our blend of communication, patience, and collection wisdom gives you the leverage to redeem your financial status while earning savings as a form of debt forgiveness.

If you think this step-by-step guide on our debt settlement process is enticing, then what are you waiting for? Let’s plan how you can live a debt-free life and apply today!