NetDebt is a debt settlement company, this means that they help individuals to avoid bankruptcy. They way they do this is by negotiating on behalf of their clients, directly with creditors, to get reductions in the level of debt that is owed, or longer time periods over which to pay the debt.
Individuals interested in their services sign up online in complete confidentiality, which means that they do not have to have any embarrassing conversations about their debt situation.
From here a lawyer specializing in debt negotiation takes over their accounts. It means that each individual retains control and is always completely aware of their legal standing.
Any payments currently being made to the creditors are stopped and a payment level agreed with the NetDebt lawyers is then paid into a trust fund.
From here, the lawyers use there special skills and experience in the marketplace to negotiate discounts on the debt levels. They make the creditors very aware that if they do not negotiate, then they will get far less in return.
The scheme has an extremely high success rate, and many people are able to save 50% or more on what they originally owed to their creditors.
NetDebt charges a fee for their services and this is paid monthly to them, at the same time as the money owed to the creditors is paid into the trust funds.
This debt relief method will work with all types of unsecured debt, which includes, loans, credit card bills and medical bills.
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