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Miracle Debt

Miracle Debt is a company that helps people gain back control of their lives by reducing their debt and allowing them to live a happier worry free life. As the name would imply the company's mission statement is to make a miracle happen for their customers. Their website is miracledebt.com and they are based in Orange County, CA, USA. The Chief Operations Officer is Paul Gemmell and David Clarke the Chief Financial Officer.

They currently have just over 32 million dollars of debt under management and boast of an almost 90 percent client retention ratio.

The website is specifically designed to make users feel relieved by using a bright and clean template and showing images of care free families. The navigation is quite simple and all the required information is right at hand.

Debt Settlement Services
Miracle Debt does not want to lump all their customers into the same boat. They know that people are at different stages and want to take different approaches to being debt free. This is why the company offers both Debt Settlement Services along with Debt Reduction Services.

The company provides detailed explanation as to how both the processes work so that the customer can make an informed decision. Debt Reduction is usually the fastest way to get rid of the debt. After the initial consultation a monthly amount is decided upon, which is usually significantly lower than all the minimum payments combined. This amount is deposited in a new account which the customer operates. When the balance in the account is large enough Miracle Debt starts negotiations on your behalf with the creditors. On average the creditors are willing to settle for 40-60% less that the total debt owed. Once the plan is complete the account is marked as "settled" or "paid" which means it does not affect your credit score either.

Debt Management plans also require you to make a monthly payment, however this is more on pay with your current monthly payments. Miracle debt automatically withdraws this amount on a pre-decided date and distributes the money to your creditors according to a pre-agreed payment plan. Miracle Debt also negotiates with the creditors to reduce or remove interest charges and late fees so that the total size of the debt is also reduced.

By using its relationships and contacts in the industry Miracle debt is able to get results that would not be possible if the clients tried to negotiate with the creditors on their own.

Customer Service and Reviews
In order to help their customers in all the ways that they can, Miracle debt also provides links to debt laws which can be of great help to people who need to know their rights. The company also provides information on tax laws and how to negotiate with the IRS. A FAQ section is also provided that provides detailed answers. One thing that is missing from the site is customer reviews of testimonials. What the company does state is that they have over $35 million of debt under their management and have a client retention rate of over 89%.

This review is meant for information purposes only and should be not taken as a referral. Before making any decision as to which company to work with it is very important to personally evaluate their services.

Miracle Debt offers services that can help people get out of debt sooner than they ever thought possible. If you are struggling to get control then this would be a company to look into.

For more information on Debt Consolidation companys, go to Debt Consolidation.

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