How it works

  • How
it works?

Although everyone’s situation is different, the general steps involved with debt mediation are:

1

Step 1

We take the time to learn about your circumstances and answer all your questions.

2

Step 2

Provided you are happy to proceed, we will contact your creditors and let them know we are acting on your behalf and make sure that all future calls and letters are directed to us. You don’t need to worry about answering the phone or opening the mail anymore.

3

Step 3

We will prepare a comprehensive settlement submission based on your situation and negotiate the amounts owed with your creditors. In some cases, we can reduce account balances by more than 80%, however savings of 30% to 50% are more common.

4

Step 4

You pay the creditors the agreed payout amount for the debts to be discharged upon the settlement or refinance of a property. At this time, your accounts are closed and your debts are cleared.