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I’m a pretty good negotiator. Why would I refer my clients to you when I could simply negotiate their debts myself? |
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There are a couple of reasons why it will benefit you to let us negotiate your clients’ debts. The first is quite simple: We pay you. For every client you refer to us, we pay you 25% of the fees we collect from that client. Imagine this: you’re writing a $250,000 loan for a client who has $50,000 in delinquent unsecured debt. You refer your client to us, and we negotiate that debt down to $25,000. You earn 1 point on the loan, or $2,500. NDC’s fees – which you build into your client’s loan – amount to $6,250. We give you 25% of our fee, or $1,562.50. That means that, by referring your client to us, you increased your income on one loan 62%!
The second reason why it will benefit you to let us negotiate your clients’ debts is that debt negotiation is what we do. We know that we couldn’t get your clients the best loan deal – because we’re not loan officers. Instead, we spend our days negotiating with collectors and creditors to reduce our clients’ debts by as much as 70%. That way you can spend your days doing what you do best – writing loans and know that your clients are getting an added service because you referred them to us.
The third reason why it will benefit you to let us negotiate your clients’ debts is that if you try to negotiate your client’s debts on your own, you could end up hurting your client, losing him money, instead of helping. Think about it: how much do you know about collectors and creditors or about the debt negotiation industry in general?
Well, we know a lot – it’s our job. We make sure that your client’s rights are protected and money is saved through our debt negotiation services.
Remember, you can’t legally charge your client for negotiating his debt. But by referring your client to NDC, you can legally get paid more money and help your client! |
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Are you trying to steal my clients? |
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No! We’re trying to help you better help your clients. We are not in the mortgage business and we never refer clients to other mortgage professionals. In fact, we find that a client is more likely to stay with a mortgage professional who referred him to us.
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What happens if the loan doesn’t close once you’ve already negotiated the debt? |
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If the loan doesn’t close, we’ll work hard to help you find another option for your client. Either way, National Debt Consultants charges no up-front fees to your client for using our services in conjunction with a home refinance. |
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I only have ten days to close the loan. Is there really time for debt negotiation? |
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If you refer your client to us for debt negotiation, we will reach settlements as soon as possible. We prefer five business days or more, but we’ve been able to turn deals in as few as two business days (as long as your client immediately returns the service agreement). We won’t hold up your loan process.
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What work will I have to do? |
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Once your client has agreed to let you forward his information to us, all you have to do is fill out a simple referral form and send it to us along with a copy of your client’s credit report and contact information. We take care of the rest! (For more information on the referral process, click here. |
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If you have questions that we haven’t answered here, please contact us! We’d be happy to provide you with more detail about the benefits of working with NDC, our services, and our process, and answer any additional questions you may have. To contact us, click here. |
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