Debt Settlement

When the stress of debt starts to build, there are several options to help provide a solution. One of these options is debt settlement, also known as debt negotiation.

The goal of debt settlement is to reach agreed to resolutions for the outstanding debts. It works the best when the debts are not secured by any real property.

Upon completion of a settlement agreement and payment of the settlement amount, a settlement letter is provided. See sample consumer debt settlement and negotiation letters.

Due to the fact that most individuals and small business owners do not have a lump sum (or if they did, they wouldn't be needing financial assistance), most settlement programs work where the individual saves or sets aside money on a monthly basis and based on those funds, negotiations are performed.

Receive your free consumer debt negotiation custom plan.

Business Debt Consolidation

As a small business owner, one of the greatest challenges is having enough cash each month to meet the businesses' obligations.

The goal of a business debt consolidation, also known as a business debt management program is to help restructure the businesses' debts so that you have more cash flow each month. With that extra cash flow, you could invest in more help, marketing, advertising, or other things to increase the income!

Typically, the program works best for business debts that are non-critical.

If your business has encountered problems related to cash flow, contracts, or potential litigation, business debt management may be an appropriate solution to resolve the conflict in a win-win manner that can be much more economical than most traditional means of taking care of monetary disputes. It also helps free up your time so that you can focus on the business instead of creditors.

Read successful business debt negotiation scenarios.

View sample business debt negotiation settlement letters from creditors

Traditionally, when a business owes money to vendors, suppliers, lenders, or banks, hourly billed professionals such as lawyers can add a significant cost to the resolution of the issue.  Attorney fees, collection costs, interest accumulating, court appearances, filings, and court motions can quickly cause the debt to increase significantly.

> Receive your free business debt negotiation consultation.

How is the CuraDebt process unique?

You are assigned an experienced financial counselor on staff to listen to your situation, understand, and based on your short and long term goals, recommend a solution. CuraDebt acts as a trusted, 3rd party advisor to ensure that you get started and get the help you need from the top rated solutions provider.

In cases where there is personal as well as business debt, both types of debts can be evaluated and a comprehensive solution provided.  In many cases, there is personal debt as a result of personal guarantees for the business.