New Era’s debt settlement program is actually quite simple. The client is asked to put aside and save a set amount of settlement funds on a monthly basis. This amount will be determined in the initial analysis based on total amount of debt and will be in line with client’s income and expense budget. Each person’s situation is different and the negotiation process will begin at different times depending on the amount of debt and ability to save funds. Once the creditor agrees to a settlement amount, the company will present this offer to clients. If the client approves of the settlement, the company will instruct the creditor to fax over the ’settlement offer’ in writing and notify the client, so that client can release funds to the creditor.
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