What exactly is Credit Negotiator and how can it dictate terms to creditors?
Credit Negotiator is a Debt Elimination Program intended to relieve the pressure placed on individuals who are having trouble making the required payments on their unsecured debts. These debts include credit cards, medical bills, personal loans, etc. The first step is to have a Debt Counselor determine that the applicant qualifies for the program and that they are truly in need of our services and that they fit within the program guidelines. Next, the Debt Counselor determines how much they can actually pay each month on these debts. This ability to pay typically is about half of what normally would be required. The NCDE Agreement is sent for final approval to the National Center for Debt Elimination (NCDE). NCDE will be conducting all aspects of the debt-negotiation process. Upon acceptance into the program NCDE acquires a Power of Attorney to handle these debts for you. You stop making payments to these creditors and instead make one monthly payment to your settlement account. As you
