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Debt Relief Services

A clear path to resolving your unsecured debt through proven negotiation strategies.

What is Debt Relief?

Debt relief, also known as debt settlement or debt resolution, is a process where a company negotiates with your creditors on your behalf to reduce the total amount you owe. This approach is designed for individuals with significant unsecured debt who are unable to keep up with minimum payments.

Rather than paying the full balance plus accumulating interest, creditors may agree to accept a lump-sum payment that is less than the total owed, considering the debt resolved.

How the Process Works

1

Free Consultation

A certified debt specialist reviews your financial situation and explains available options with no obligation.

2

Dedicated Account

You make monthly deposits into a dedicated savings account that you control. These funds accumulate for settlement offers.

3

Negotiation

Professional negotiators contact your creditors to reach settlement agreements for less than the full balance owed.

4

Resolution

Once a settlement is reached and paid, the debt is considered resolved. This process repeats until all enrolled debts are addressed.

Eligibility Requirements

Debt relief programs are typically suited for individuals who:

  • •Have $15,000 or more in unsecured debt (credit cards, medical bills, personal loans)
  • •Are experiencing financial hardship or difficulty making payments
  • •Want to avoid bankruptcy while still resolving their debt
  • •Can commit to a program lasting 24-48 months

Important Considerations

Credit Impact

Enrolling in a debt relief program may negatively affect your credit score, particularly if you stop making payments to creditors during the negotiation process.

Tax Implications

Forgiven debt over $600 may be considered taxable income by the IRS. Consult a tax professional to understand potential obligations.

No Guarantees

Creditors are not obligated to negotiate or accept settlement offers. Results vary based on individual circumstances and creditor policies.

Fees

Debt relief companies charge fees for their services, typically a percentage of the enrolled debt or the amount saved. Fees are only charged after a settlement is reached and accepted.

Find out if you qualify for a debt relief program.

Check Eligibility

Free consultation. No credit impact.