CuraDebt Shares How Debt Negotiation Works And If It Is Right For You

HOLLYWOOD, Fla. - Oct. 18, 2016 - PRLog -- CuraDebt recently shared a page dedicated to educating consumers on how debt negotiation works. The article has useful insights such as the benefits of debt negotiation, the negotiation process and if debt negotiation is right for you.

Debt is becoming more and more of a household problem for consumers at present. Many are close to declaring bankruptcy as they run out of options at ever getting out of debt. CuraDebt created a Debt Negotiation page to let people know that bankruptcy is not their last hope. Debt negotiation can be a viable solution to end debt in the least possible time.

The article starts off by introducing how debt negotiation works. It states that debt settlement and debt negotiation are one and the same. In debt negotiation, CuraDebt negotiates with creditors in behalf of clients. Thus, reaching agreements for less than the total amount owed based on a lump sum payment or in some cases, based on the savings available monthly.

The process of debt negotiation is outlined in a clear, step by step guide. The first step is getting the free counseling session by expert counselors. Step two is explaining all the details such as fee structure, risks, timeline and other details in a transparent way for clients to have a clear understanding of the program. An agreement is signed when one qualifies for the in-house program set by CuraDebt. The next step calls for establishing a savings plan. A special, dedicated account is opened where the monthly contribution to be used on the negotiated payoffs are saved. The fourth and final step is when CuraDebt's team of debt resolution experts start the negotiation process. When creditors accept the offer and the debt settled, commission is paid. The last step is repeated for all debts owed.

The article also points out circumstances on when debt negotiation becomes the right program to choose. Unsecured debt like payday loans, personal loans, credit card debt, selected credit unions, certain private student loans, medical bills, accounts in collection, repossessed cars and as well as other debts which are not bound by collateral are eligible for debt negotiation. There is also a brief mention of tax debts and how a tax debt relief program is available especially designed to solve tax problems.

A summary of the benefits of debt negotiation is included in the article. The debt negotiation program by CuraDebt is designed to help lower monthly payments, reduce overall amount of debt and get consumers get out of debt sooner. The goal is to get pay off debt within 2-4 years instead of more than 5 to up to 20 years or even longer with a debt consolidation program or through paying the minimum each time.

To read the full article, click http://www.curadebt.com/debt-negotiation/.