Debt Negotiation 

Debt Negotiation is the process whereby the attorneys at Matthew Mazur, P.A. attempt to negotiate a client's unsecured debt to a payoff balance that is acceptable to our client and their creditor. Typically, this negotiated payoff amount is less than the full balance owed to the client's creditor.In our Debt Negotiation Practice, we do not handle past due secured debt, such as, mortgages, car loans, boat loans, etc. We handle such secured debts in our Bankruptcy practice.

Debt Negotiation is an alternative to bankruptcy. 

Debt Negotiation is not  Consumer Credit Counseling.

Debt Negotiation is a service we provide to help clients who can no longer afford to pay their monthly minimums payments on their unsecured debt accounts and do not want to file for bankruptcy or enter into a credit counseling program. 

If a client has access to money to use to make a lump sum payoff of their debts, then Debt Negotiation can save them the most money in interest, and principal payments, of any debt relief program outside of bankruptcy.

We provide legal representation to businesses and individuals throughout the State of Florida. Beware of the debt negotiation companies that offer huge reductions in your debt and want you to pay them directly instead of your creditors. The majority of the time, you are paying these companies services fees and their representation fee in installment payments over several months and not paying your actual debts.

The services Matthew Mazur, P.A. provides are not credit counseling but rather debt negotiation. We use alternative dispute resolution methods to reduce and resolve past due debt claims against our clients.

The difference between us and those so-called debt negotiation companies is that we are attorneys and we are regulated by the Florida Bar. We have duties and obligations to our clients that we take very seriously. The same is not true of most debt negotiation companies.

Additionally, a lot of these companies charge incredibly high fees and do not use an actual attorney to negotiate your debts, but someone who has gone through limited training and is working from home.

Before you sign up with any debt negotiation company or any debt negotiation attorney, including us, request specific information about the services being offered. Ask about experience and how you will be charge for the services being offered.

Additionally, we recommend that you use Google to search for any complaints from other consumers. You should also check with the Attorney General's Office in your state to see if there are any ongoing investigations of the companies or attorneys you are thinking of retaining.

The objective Debt Negotiation is to obtain for our clients debt relief in a reasonable time frame, so they can move on with their lives. 

What types of debt do we negotiate?

We negotiate all kinds of unsecured debts including, but not limited to:

• collections

• charge-offs

• unpaid credit cards

• unpaid unsecured loans

• judgments (taken on a case by case basis)

What types of debt don't we negotiate?

We do not negotiate the following kinds of debts:

• taxes

What about mortgages?

We will provide negotiation services for mortgages that are in pre-foreclosure.

What about car or boat loans?

We will provide negotiation services for car or boat loans on a case by case basis.

What does it cost for Debt Negotiation?

Our fees for debt negotiation are a two part flat fee, consisting of a Non-Refundable retainer and a flat fee based upon each debt negotiated on behalf of a client.

The first part of our fee, the up front Non-Refundable retainer fee of $600.00*, which retains our firm to negotiate on behalf of the client with 5 of their creditors.

The second portion of our fee is based upon our successful negotiation of debt reduction for our clients. For each creditor that  we successfully negotiate with on behalf of our client and obtain a settlement agreement that the client approves, we charge a flat fee of $300.00.

The flat fee of $300.00 is due upon the acceptance by the client of each settlement agreement obtained for them with each of their creditors.

How does Debt Negotiation work?

A client retains Matthew Mazur, P.A. to represent them in a debt negotiation with their creditors that are owed past due balances on unsecured credit accounts.

For example, a client owes a credit card company  $15,000.00 and the account is in collections account for non-payment.

We will negotiate with the creditor to obtain a payoff amount on behalf of the client that is acceptable to our client and to the creditor. For example through negotiations we are able to reach a tentative settlement of the account for $7,500.00. (We require the creditor to provide us with confirmation that they will agree to accept the lower payoff as a "final settlement" on the outstanding debt.) This settlement proposal is provided to the client for approval.

The client has the ultimate decision as to accept or reject the settlement proposal. If accepted, this settlement proposal becomes a binding agreement. This agreement, if fully satisfied by the client,  allows the client to pay the negotiated reduced payoff amount by a specified date.

Matthew Mazur, P.A. will have obtained the client in this example a reduction of $7,500.00 from the original $15,000.00 owed to the creditor. The total actual savings to the client obtained through Debt Negotiation will be: 

*The Up Front Non-Refundable Retainer Fee of $600.00 and retains our firm to negotiate on behalf of the client with 5 of their creditors. For each creditor a client has above 5, the initial retainer is increased by $50.00. As such, if a client has 6 creditors they wish to have the firm negotiate with, the Up Front Retainer will be $650.00.

The above example is for demonstration purposes only and does not reflect the savings in every case. Each client and case is different and the ability of our firm to obtain a reduction in the debt owed is case specific, dependent upon the client's debt situation. We cannot guarantee the outcome of any case we handle, but we can guarantee that we will put forth our best efforts to obtain satisfactory results for our clients.

In some situations, no matter how much we try a client's creditors will not negotiate and our client is left with the decision to file a bankruptcy. In those situations we will give the client a $300.00 credit towards our bankruptcy fees.

If you have any questions regarding our Debt Negotiation Representation Services and Fees, please do not hesitate to contact Matthew Mazur, P.A. for further information and a free consultation.