Debt mediation does not carry the stigma that it once may have possessed.  In this age of high credit card fees and aggressive marketing, more people are coming to understand that if they are under water, it may not be exclusively their own fault.  Many of these people are coming to rely on debt mediation to help them get through these difficult times.

What does a Debt Mediation Attorney Do?

A debt mediation specialist is a settlement attorney who has broad experience in negotiating with credit card companies and other types of creditors.  The purpose of these negotiations is to reduce the overall debt load that a consumer carries.  A debt mediation attorney can negotiate not only your total balance, but also late fees, penalties, and payment dates required by your account. 

Creditors are motivated to work out these details because a revised schedule of payments may make it possible for a debtor to discharge at least some of his or her accrued obligations.  The alternative may well be a complete default, in which case credit card companies will recoup none of the loss instead of part of it.

Debt mediation attorneys can also work with the three credit reporting bureaus in the United States to make sure that erroneous or misleading information is removed from your file.

Find a Mediation Attorney in the National Mediation Directory.