Business Debt
FAQ
Frequently Asked Questions
Are you looking for debt help or have questions about how the debt relief process works?
Don’t worry! We have listed some of the most frequently asked questions about debt relief.
What types of debt qualify for the debt negotiation program?
Our program is focused on dealing with unsecured debt, such as merchant cash advance, business loans, credit cards, lines of credit, personal loans, and medical bills. Debt secured by collateral such as mortgages, auto loans, etc. cannot be enrolled into our program.
Should I enroll into Nationwide Debt Resolve Debt Negotiation Program?
If you are experiencing any or all of the following, our Debt Negotiation Program may be right for you.
• You are having difficulty making credit card payments.
• You have been late with one or more payments in the past three months.
• You are having difficulty making your MCA or Business loan payments.
• You are not seeing a decrease in your credit card balances.
• You have maxed out your available credit.
• You are receiving calls from your creditors.
Will I be totally debt free upon completion of your program?
Yes. When you complete our program, all unsecured debt enrolled will be fully paid off. However, not all of our enrolled clients complete our program and following through with the monthly savings plan is key to your financial freedom.
Will this program have a negative effect on my credit?
The reason you are eligible for our program is because you have legitimate financial hardships. Therefore, you may be late with your monthly payments and, in certain instances, are no longer making payments. Late and missed payments already have an adverse effect on your credit. In many instances, your credit may not be further affected.
How long is the program?
Typically, our debt negotiation program takes 24 to 48 months. However, it depends on you and your ability to maintain your payments in the monthly savings program.
MCA - Our program is focused on dealing with MCA and business loan payments.
