Q: Why should I sign up
with a Debt Arbitration Company?
They eliminate the time and stress involved in dealing directly with
your creditors.
Reaching a settlement may result in increased cash flow necessary for the
day-to-day operation of the business.
Q: Do you provide funds for the settlement if I am
not able to honor the agreement?
NO. They negotiate settlements based upon each client’s capacity to
pay.
Q: Why should a creditor consent to negotiate with
you?
Once you have agreed to allow us to represent you, a creditor cannot contact
you concerning your debt. They must deal directly with your Debt Arbitration
Company, as your representatives.
Q: How long will it take to reach a settlement with
my creditors?
This depends on many factors. Our partner attempts to resolve all disputes
within three weeks after negotiation begins.
Q: Can a creditor pursue the balance of the account
once we reach an agreement?
No. Once an agreement is reached, the Debt Arbitration Company require
creditors to guarantee that the account shall be closed as satisfied. It will
NOT be listed as a write-off but as Paid-in-Full.
Q: What happens if the negotiations are not
successful?
Then you and the creditors are free to seek other remedies such as a legal
resolution.
Q: Does it matter if the debt has been sent to
collections? What about cases where the creditor has obtained a judgment
against my company?
It does not matter if the debt is in collections or has resulted in a
judgment. A debt Arbitration Company can still attempt to negotiate
a satisfactory settlement.
Q: Will I be able to continue
doing business with the creditor after arbitration?
In many cases, yes. However, expect that any business will initially be
on a cash-on-delivery basis. Over time, after a client rebuilds its financial
stability, creditors generally re-extend credit.
Q: Can you give me or my company legal advice?
Debt Arbitration Companies do not provide legal advice. They are
not attorneys. They provide Debt Arbitration only. If you require legal advice
you should contact separate counsel.
Q: How much is this going to cost?
In the beginning nothing -- there is no charge for the phone calls,
secretarial fees, negotiation fees, or anything else handled. Fees are based
solely upon the amount of money saved and is negotiated up-front. There are no
hidden costs.
Q: I manage a publicly held company. Can you provide
the same service for my company?
In many cases, yes, additionally, there may be other options available
for a public corporation that are not open to privately held companies. Please
fill e-DebtConsolidation.com's commercial debt consolidation form to receive
additional information.
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