What is Debt Resolution?
A Debt Resolution Program, sometimes called a Debt Negotiation Program, can be an effective strategy for anyone who has experienced a financial hardship such as a divorce, job loss, or a significant reduction of household income or medical debt resulting from a serious accident or illness. If you are currently burdened with a large amount of credit card debt and you are struggling to just make the minimum payments on your credit cards each month, a qualified Debt Resolution Program may be a very good option for you and may even help you avoid filing for bankruptcy.
How a Debt Resolution Program Works
In a qualified Debt Resolution Program, a financial consultant will review your current situation and evaluate your income and expenses. Once your consultant has a clear and detailed picture of your finances, we will help you build a budget that will allow you to save money each month that will be used to negotiate with your creditors to reduce the outstanding balance on your credit card accounts and resolve your debts for less than you currently owe, and on a payment plan you can manage.
Each month, we will contact you to review your current financial situation in order to identify ways we can help you better manage your budget and find ways to help you save. Depending on the amount of debt you enroll in the program, and how fast you are able to save money, many of our clients are able to complete the program in 24-48 months. This is a way to pay off your debts significantly sooner than by just making your the minimum payments each month. And in a qualified Debt Resolution Program, you are never charged a fee until we are able to reduce the amount of debt that you owe.
Benefits of a Debt Resolution Program:
A Debt Resolution Program offers many benefits to consumers struggling with high credit card debt. First, the program has the potential to significantly reduce the amount of debt you currently owe. Secondly, we will work with you to create a savings plan designed to provide immediate payment relief. Finally, you have the peace of mind knowing that you will only pay a fee when we are able to negotiate an agreement with one of your creditors to reduce the amount of debt you owe on a payment schedule that you can easily manage.
Debt Resolution Benefits:
- Immediate payment relief.
- One monthly program payment, usually lower than your current minimum payments combined.
- Resolve your debts sooner, usually in 24-48 months*.
- Reduce the amount owed, including interest, penalties and fees*.