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HOW WE WORK |
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Our debt settlement program is actually quite simple
 In our debt counseling program, one of our professional counselors will help you establish a debt repayment plan with your creditors, often at reduced monthly payments, reduced fees and reduced interest rates. The debt counseling program offers both greater affordability and convenience in that the consumer makes one singular payment to us, the service provider. We, in turn, disburse all payments to the creditors on a monthly basis as well as manage the ongoing relationship with each creditor.
The objective of a debt counseling program is to pay back the balance of your debts in full. However, by negotiating an effective debt management program, the consumer ideally saves money on a monthly basis due to lowered monthly payments and may save significant money over the long term as a result of reduced fees and interest rates.
Debt settlement is different than debt counseling in that the end goal is to have the creditor and consumer agree to settle the debt for 30% to 70% of what was originally owed.* The primary goal is to save the consumer money and is intended for people who cannot afford to make the monthly minimum payments on their credit cards and meet their necessary living expenses. Most creditors are willing to accept payment for less than the full amount as an alternative to the consumer filing for bankruptcy, in which case, the creditor may get nothing.
In debt settlement, a client makes a singular debt settlement program payment into an FDIC insured savings account. When sufficient funds have been accumulated, those funds are, essentially, put out for bid and negotiation with the various creditors in order to execute a settlement. Accepted and executed settlements free you of that debt forever.
In either program, our goal is to get you out of debt quickly while understanding your budgetary goals and constraints. Resolving you’re debt is the first step to becoming financially secure, and a debt management program may be your best option.
*Individual results may vary and are based on the ability to save funds and successful completion of the program terms. A debt settlement program does not assume or pay any consumer debts (like debt counseling) and does not provide tax or legal advice. Program not available in all States.
Read and understand all contract terms prior to enrollment.
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