- Net Debt

General Information

NET DEBT

Net Debt is a debt settlement referral service that prides itself in being the only service that caters to those people who are aprehensive about discussing their financial problems with a representative. Their mission is to make the process as simple and hassle-free as possible, thus their entire process can be handled online, however you can always choose to speak to one of their reps.

As with all debt settlement programs, only medical bills, credit card and other unsecured debt can be included in the program.

Net Debt referal service is free to the consumer, although once you enroll they refer you to a law firm that specializes in debt negotiation,

Note that you must have at least $10,000 in unsecured debt to qualify for this program.

The laws of the following states prohibit or restrict the operation of debt settlement companies, so if you are a resident of these states you won't qualify.

Delaware, Georgia, Hawaii, Idaho, Kansas, Maine, Minnesota, Mississippi, Nevada, New Hampshire, North Carolina, Rhode Island, South Carolina, Utah, Virginia, District of Columbia, West Virginia, Wisconsin, and Wyoming.

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Product Details

Company: Net Debt, LLC

How it Works: Once you enroll in the program, a legal service agreement will be sent to you, once you sign it Net Debt refers you to a law office specializing in debt negotiation. Then you are instructed to deposit your monthly bill payments into a trust account rather than send them to your creditors. When you accumulate enough funds, the attorneys will start negotiating your settlements.

Price:: 15% of the total debts you include in the program plus a monthly service fee. These fees are included in your montly payments.

Refund Policy: Not disclosed on website.

Conclusion:: Net Debt's website does not offer much detailed information about the company and about the process so you will need to fiil out their online form to get more information. It seems their website features a no-frills, straight to the point web site that focuses on simplifying the process so you can quickly find out if you qualify for a debt negotiation program by completing their online form. This is a new company and has been in business for 2 years. Perhaps that explains the lack of user feedback and unknown BBB status.

Debt Net is not acredited by the Better Business Bureau, but this fact does not belittle or undervalue the company, it only means that the company is not a BBB member. Nevertheless, it is stronlgly advisable to thoroughly research any company you intent to do business with, before signing any agreement.

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Do-It-Yourself Debt Settlement

Consumer Feedback

No Consumer Feedback Available For Net Debt

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