What is Debt Arbitration?
Definition: Debt Arbitration
Debt Arbitration is the process through which debt settlement is reached. Debt Arbitration involves a person or group appointed by mutual consent and/or statutory provision, who acts as mediator between two disputing parties.
Debt Arbitration takes place when our skilled negotiators make use of their contacts with the credit card companies to settle your debts for a fraction of the balance owed. But wait! There's more good news.
No TPA (Third Party Assistance) on Your Credit Report
Even though we actually are a third party and act as debt arbitrators between you and your creditors, your credit report will never be marked TPA (Third Party Assistance), as it is when using debt consolidation. Third Party Assistance (TPA) tells everyone who views your credit report that you were unable to pay your bills on your own. TPA is not a good thing to have on your credit report.
Why Our Debt Relief Program is Not Third Party Assistance
Our Debt Relief program is not considered TPA because you will pay off your creditors, after we have negotiated the amount, with a check from your own account. Our debt settlement service allows you to save your own money in your own account. When you've saved 40% - 60% of your first credit card balance, you contact us, we negotiate the amount and send you the paperwork so you pay your own debts off in full. Your credit report will state settled with 0 balance.
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