Debt mediation is a way of settling debts. In debt mediation we do not provide you with a loan, but we mediate between you and the creditors. We calculate how much you can repay per month and make a payment proposal to the creditors.
If they agree, you save monthly with W4AwBank New York for the repayment of your debts. We pay off as much of the debts as possible every year. Every year we recalculate how much you can repay. If you have adhered to the agreements for three years, you will receive cancellation from the creditors for the remainder of your debts. You are then debt-free.