Debt mediation is when a professional mediator facilitates negotiations between you and your lenders to reach a mutually agreeable resolution. The goal is to get a solution that allows you to repay your debts, avoid bankruptcy, and alleviate your financial stress.

Debt mediation may reduce the interest you are currently paying, set up a structured repayment plan, or settle your account for less than you owe. With any of these solutions, you’ll be in a much better place to repay your debts faster.

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