How does the National Debt Arbitration program work?
 

National Debt Arbitration will enroll you in the program send the enrollment packet and familiarize you with

the program. In 3 months when behind with the creditors, then we will send letters to your creditors stating

that you have had a financial hardship and that's why the payments have not been made in the last 3

months and more than likely won't be paid in the future and that we are currently researching assets that you

have at this time. Possibly to sell and get some funds together to settle the accounts and save you from filling

for Bankruptcy. See this is the thing your creditors are afraid of the most because if you file for bankruptcy the

creditors will never see a dime and the creditors rather get something as apposed to nothing. So by us telling

this to your creditors it will buy us time to save the money up in your trust account. Once there are enough

funds in your trust account (usually takes 6-12 months to settle your first account) we will use those funds to

negotiate a settlement on your account usually for about 25-50 cents on the dollar. Automatically you might

think that if you stop paying your creditors that it will have a huge adverse affect on your creditor, which if you

have excellent credit it would. But the fortunate thing for you is the majority of our clients credit is already

damaged. So it wouldn't have the same effect as if you had perfect credit. Now the second thing you might

think is well what about the late payment on my credit. When late payments are reported to the credit

bureaus there are 5 different classifications of delinquency. (Eg. 30, 60, 90, 120, 180 days late) Once you

accounts go six months or 180 days delinquent, The report only shows 180 days late. So if you are in our

program for 36 months and someone pulls a credit check on you after your finished it only shows 180 days

late. It's not going to show them that you were late for 36 months all they will see is that 30 months ago you

missed 6 months of payments. which most lenders don't look back any further than 2 years in most cases.

Once you have finished the program not only will you be able to enjoy being debt free but you will also see

an increase in your credit due to lowered debt-to-income ratios. You have to remember that this is financial

rehab and the process is not going to be painless but it is going to be worth it. Our program is completely

secure and confidential. We are not required to report anything to the credit reporting agencies, and we will

not. We work with you on a one-on-one basis, and are able to give you unparalleled service. As soon as you

join our program we immediately go to work on your behalf. We also have tools to help the creditors

harassing phones with our Cease and Desist letters enclosed in our enrollment packet. This letter is part of

the Fair Debt Collection Practices Act, under this act if you are getting harassed by a collector you have legal

right to tell them to stop in writing and they have to abide and stop calling you.