Lesson 1 - Adding debt: In total or individually?

The first step in UGotiate is to list your debt.  You can either add the total amount you owe, or you can list out each of your creditors individually.

Listing your accounts separately is the preferred method.  While listing just the total will show a quick overview of your situation, in order to resolve your accounts, you must list each of your creditor’s information at some point.  Also, entering your accounts individually now will provide you more information and suggestions as you move through the next steps.  So, if you have time, it is best to list your accounts individually now.

How to add accounts individually:

The minimum information you need for each creditor is name and account balance.  If you know the rest of the information shown below, enter it in!  The more details you provide, the better your UGotiate experience.

The basic process for adding accounts individually is shown below in 3 easy steps.  (NOTE: If you are adding a creditor that is not currently in the UGotiate database or if one of your accounts is with a third party collection agency, the steps may vary slightly ad/or there may be additional steps). 

Step #1:

Step #2:

Step #3:

After each creditor is added, UGotiate will provide you a summary of the accounts added so far.  To keep adding creditors, select ‘Add new Creditor’.  If you have added all of your creditors, you can move on to create your Plan & Goal by selecting ‘I’ve added all of my Creditors’.

How to add total debt:

For this option, the minimum you is the total amount you currently owe.  If you know the average interest rate and your total monthly payment, it is best to provide that information as well.  After you have listed your total debt information, you will move right to creating your Plan & Goal to resolve your debt.