What Is Debt Resolution?

Debt resolution is a method that debtors use to repay their creditors with minimal hassle and without filing for bankruptcy.

Debt can be a financial killer.

What often begins as a way to make payments between gaps in income can quickly become a money pit that gets deeper and wider as interest payments stack up. 

*** SPECIAL NOTE *** – If your credit cards, personal loans, or medical debts have become unmanageable and you owe over $20,000… then go here for debt relief. We can help!

Fortunately, there is a way to take a step back and keep this pit from growing any larger.

This brief article will explain how debt resolution can save debtors from financial ruin and help you determine if it’s the right course of action for you. 

A skilled negotiator communicates and negotiates on your behalf to make your payments more manageable and to protect you from constant harassment. These negotiations are designed to reduce the principal amount owed. 

Debt resolution does not entirely eliminate the debt you owe but puts you on a path toward financial stability while avoiding financial ruin.

Debt Resolution vs. Debt Settlement

Debt resolution and debt settlement are often confused with one another because they are both methods designed to help get individuals and couples out of debt. 

However, debt settlement involves negotiating with creditors to reduce what you owe them and is typically only accepted if you have fallen behind on payments and have no way to procure the necessary funds.

In other words, your creditors would rather have something than nothing, so they settle. It’s possible to settle your debt without a third party, although it’s not recommended. 

For example, if you have fallen behind on payments toward $10,000 of credit card debt and you simply cannot pay, your creditors may settle for $9,000, forgiving the difference and pocketing what they can. 

If you are having trouble making debt repayments, you may want to consider contacting a debt relief company that can help you navigate the debt resolution process. 

At Americor, we understand the unique financial challenges people are facing today.

As America’s trusted source for debt relief solutions, we aim to empower you with financial knowledge that can lead to informed decisions, whether it’s about savings, investments, or managing debt.

If your debt has become unmanageable and you have difficulty making your debt payments each month, then you should consider a FREE consultation call with one of our certified Debt Consultants, who can provide personalized debt relief advice tailored to your specific needs.

By taking proactive steps today, you can put an end to your financial stress and work towards a brighter financial future. 

Remember, there is always hope for debt relief, and our team of experienced professionals are ready to guide you on your journey to regaining control of your finances.

For more information on Americor’s debt relief services, contact us today to see how we can help you eliminate your debts, and get on the fast-track to becoming completely debt-free!