Major Debt

MDN does not charge any fees upfront and there is no cost to sign up. During your consultation, one of our debt relief consultants will speak with you and see if our debt relief program is right for you. the average client usually pays a fee of 15 - 25% of the total debt enrolled, however this fee is only paid once the debt has been settled. In addition, this fee is part of your monthly payments, and it won't cost them to rise. You will continue to make one low monthly payment for the entire time you're enrolled with MDN.

Yes, debt negotiation will negatively affect your credit temporarily and it can be improved after you have completed the program and you are debt free. The effects are not as severe as bankruptcy. if you are already behind on your bills, your credit score will already be lower therefore the effects of our program may not be as severe. YOU HAVE TO DECIDE IF IT'S BETTER TO RESOLVE YOUR DEBT NOW AT A LOWER COST AND THEN REBUILD YOUR CREDIT

No, we do not offer debt consolidation loans. We can consolidate your debts into one low monthly payment. If you have bad credit, you will not qualify for a debt consolidation loan.

Yes, you can negotiate with your creditors yourself and save yourself an extra 18-25% off your debt. Our fee is 15-25% of the debt amount depending on the state they live in and the amount of debt they have-not everyone wants to talk with their creditors on a regular basis therefore they trust us to do it for them.

It depends on how quickly you can build up your settlement funds and save for the settlement offers. The program length varies between 24 to 48 months, the faster you can save the quicker you can get out of debt. if you only make the minimum payments on your credit cards you can be in debt for the next 10 to 20 years and pay back 2x 3x or even 4x as much as you originally borrowed.

There is a possibility that any creditor can sue you. However lawsuits are expensive and creditors try to avoid them, We aim to complete the program as quickly as possible to avoid any lawsuits. Nonetheless, our program includes a Legal Protection Plan.

No, you will not be able to use the credit cards enrolled in the program. creditors will usually close your account after you have missed a few payments. Your debt consultant will help you decide the best plan of action based on your current financial situation.

That depends, your creditor will issue you a 1099-C form for any debt forgiven over $600. The forgiven debt counts as income.

Yes, we offer a money back guarantee because we want satisfied customers. our guarantee: By joining our program you will be on your way to reducing your debts. We are so confident in our professionalism level of service and ability to get results, that we do not charge a single penny in fees until your debt is settled(not including the legal protection plan, payment for service from Veritas legal plan will be part of your first monthly draft as the service takes 30 days to activate. there on after will be a monthly payment for said services throughout the settlement process with creditors, once the last account becomes resolved veritas legal protection plan will no longer be needed and the monthly payments will stop)

MDN is a great choice for people with high levels of unsecured debt who are struggling with financial hardship such as divorce or the loss of a job. if you are barely keeping up with your minimum payments and the balances on your account keep growing, then our program could be right for you. Thus, if you are fighting a losing battle against rising debt, our debt settlement services may be just what you need.

Bankruptcy is an option that is generally treated as a last resort. It will remain on your credit for 10 years and you can be denied employment, state licenses, insurance, as well as tenancy of an apartment. Most importantly you can be denied virtually any type of credit with bankruptcy on your report for several years. in addition, since the bankruptcy laws have changed recently, it is even more difficult to qualify for Chapter 7, the method of liquidating assets to resolve your debt. You will not be allowed to discharge any alimony, child support, taxes, student loans, judgements, or any loan on the bankruptcy petition. Under chapter 13 bankruptcy, your debt payments are simply restructured meaning you will still have to pay a percentage of your debt while you suffer the consequences of bankruptcy. Debt negotiation is an alternative to bankruptcy.

Due to your legitimate financial hardship, you are able to participate in this savings program in order to help pay your debts in the future. We are not here to advise you not to pay your debts now, however if you continue to make payments to your creditors, there may be less debt or possibly none left at all for us to settle. If you are able to save money in our program and make payments to your creditors at the same time then you probably don't actually have a legitimate financial hardship.

Your funds will be held at (RAM) Reliant Account management, which is an FDIC insured trust account. This account will be opened in your name with you having ultimate control over its funds. The monies collected in this account gets disbursed only at the time a negotiation is reached with the creditor and you agree with the settlement offer.

MDN can help you save hundreds if not thousands of dollars for you to use to pay other bills, purchase a home or prepare for retirement. Additionally, the fees we charge clients for our program are more than reasonable. Even with paying our fees, our clients save an average of 30-50% on their debts.

MDN helps client with the following debts:

• Unsecured consumer debt

• Credit card debt

• Store credit

• Payday loans

• Standard unsecured bank loans

This is by no means an exhaustive list; if you are unsure about whether your debt would qualify, Please feel free to call us or visit our web page Major Debt Negotiators majordebt.com 877-350-2062.

Our program can have a negative impact on your credit initially. During the debt settlement process, our clients make the decision to stop paying their creditors and instead pay into a dedicated savings account that goes towards their debt Fortunately, most of our clients that by the time they graduate, their credit score has returned to the same rate if not higher as when they started.

Yes, you can negotiate with your creditors yourself and save yourself an extra 18-25% off your debt. Our fee is 15-25% of the debt amount depending on the state they live in and the amount of debt they have. Not everyone wants to talk with their creditors on a regular basis therefore they trust us to do it for them.