Debt Relief – How It Works

Over the years one of the most common questions we get from people who come to our site is "How does it work?"

This video explains how the free debt relief savings estimate works, how debt relief programs work and if there is any cost.

Video Learning Center

Consolidate Your Debts
& Save

Consolidate Your Debts and Save

If you need to get relief from multiple high interest credit cards or other unsecured debts – such as medical bills, store charge cards, gas cards, or more – a debt consolidation program may be able to help you get out of debt much faster. This could, not only help to reduce stress, but also save you a substantial amount of money.

Debt consolidation programs, also known as debt management plans (or DMPs), are typically coordinated through a credit or debt counselor who will take the time to go over your current financial situation, look at your unsecured debts, look at how much you can afford to pay each month toward your debts, then submit proposals to creditors on your behalf requesting relief.

Overall, the goal of a debt consolidation program is to provide you with a proven and predicable way to combine or "consolidate" all your debts into a single payment each month by providing a personalized plan that, if followed each month, can help you get out of debt at an accelerated rate.

Debt consolidation could help you:

• Reduce Your Interest Rates
• Lower Monthly Payments
• Remove Late Fees and Penalties
• Simplify Your Life with One Payment
• Help You Get Out of Debt Faster

Get Your Free Debt Savings Estimate Today

Your Savings Estimate includes:
 • Total Estimated Savings
 • Estimated Monthly Savings
 • Estimated Program Length
 • and more...

Lower Your Monthly Payments

Lower Your Monthly Payments

If you are faced with credit cards and other debts that have made your bills very difficult to manage on your own, a debt relief program may, not only be able to help you get out of debt – but also lower your payments each month. Depending on your current situation, debt relief may also be able to help reduce your interest rates, remove late fees and penalties, or even resolve credit card debts for much less than you owe.

With your free debt analysis and savings projection, a debt relief specialist will take the time to go over your current financial situation then customize a debt relief program for you, based on how much you can afford each month.

Get Your Free Debt Savings Estimate Today

Your Savings Estimate includes:
 • Total Estimated Savings
 • Estimated Monthly Savings
 • Estimated Program Length
 • and more...

Pay off Credit Card
Debts Faster

Get Rid of Credit Card Debt Faster

If you have high interest, or high balance credit cards, you may be on a "credit card debt treadmill" that has become very stressful, and more than you can handle on your own. While avoiding non-essential credit card purchases, and paying down your debts each month, can help you get out of debt – a proven debt relief program may be able to help you get out of debt considerably faster.

Depending on your current financial situation, there are several debt relief programs that may be able to provide you with much needed credit card relief, including:

• Debt Consolidation Program (Reduce interest, waive late fees and penalties, consolidate high interest debt into one lower monthly payment)
• Debt Resolution Program (Resolve high balance credit card debt for much less than you currently owe)

Depending on the debt relief program that best meets your needs, your free debt relief evaluation can provide you with a projection of how much debt relief could save you – as well as the estimated time required to get out of credit card debt.

Get Your Free Debt Savings Estimate Today

Your Savings Estimate includes:
 • Total Estimated Savings
 • Estimated Monthly Savings
 • Estimated Program Length
 • and more...

Reduce Your Interest Rates

Reduce Your Interest Rates

If you have high-interest credit cards and other debts and are need of relief – a debt consolidation program could simply your life, help you save money, and get out of debt faster by reducing your interest rates. Though a free debt relief analysis, a debt specialist will go over your existing debts, current interest, and financial situation – then make proposals to each of your creditors on your behalf, requesting lower interest rates and often more favorable repayment terms.

Each creditor who agrees to the proposals are then added to the "debt management plan" – which can not only lower interest rates and remove late fees and penalties – but also help you get on a faster track to get out of debt.

Get Your Free Debt Savings Estimate Today

Your Savings Estimate includes:
 • Total Estimated Savings
 • Estimated Monthly Savings
 • Estimated Program Length
 • and more...

Resolve Credit Cards for Less?

Resolve Credit Card Debts for Less?

If you have one or more high-balance credit card debts and need to "resolve" your debt for less than you owe – a credit card debt resolution program could save a substantial amount of money.

When credit card companies decide to sell off their "bad debt" to debt collection agencies, it is not unusual for credit card companies to sell the debt for as little as ten cents on the dollar. This is not to say that credit card companies will agree to "resolve" credit card debt for as little as ten percent of the amount owed, but it stands to reason that credit card companies are often willing to accept a reasonable offer from consumers in distress who offer to pay what they can afford.

A personalized debt relief analysis can provide a savings estimate for credit card resolution. How much debt resolution could save depends largely on the amount of credit card debt involved, the debtor's current financial situation – and the resolution policies of individual creditors.

Get Your Free Debt Savings Estimate Today

Your Savings Estimate includes:
 • Total Estimated Savings
 • Estimated Monthly Savings
 • Estimated Program Length
 • and more...

Credit Counseling Reviews

Many consumers struggling with debt in Florida and elsewhere are looking for a way out that is both proven and predictable and are comparing reviews of their credit counseling or debt relief options. One option is debt consolidation, which allows consumers to consolidate high interest, unsecured debts into one, more manageable monthly payment. An alternative is debt settlement, where the goal is to "settle" credit card debt for less than the full amount owed.

See how debt relief can help you. Answer a few, simple questions to get a free debt relief estimate and savings analysis - at no cost to you.

When researching and selecting a debt relief company, make sure you do your due diligence; one way is to review a company's Better Business Bureau (BBB) rating and its record of customer complaints. Also make sure that they clearly communicate the features and benefits of their programs, as well as any negative aspects you need to be aware of such as the legal, credit, and tax implications of debt relief services.

Debt Reduction

When choosing a debt reduction method that fits your needs, consider the following factors:

• Degree of Debt
• Type of Debt
• Assets Owned
• Length of time to become Debt Free
• Ability to Pay-Off Debt

These days, many consumers have the following debt relief choices available: Debt consolidation, debt settlement, loans, or even bankruptcy. For those who are truly unable to pay their debts and do not qualify for either settlement or consolidation, bankruptcy may be the next step.

Bankruptcy Pros

• Can stops collection actions
• Eliminates unsecured debt
• Provides option to keep house, car, other properties
• Can provide a clean financial slate
• Provides potential to rebuild credit sooner

Bankruptcy Cons

• Loss of credit cards
• Remains on credit report for 10 years
• Student loans and back-taxes do not qualify.
• Stigma associated with declaring bankruptcy

Explore your debt relief options. Request a free debt relief estimate and savings analysis, at no obligation to you.

Debt Settlement Companies

As a form of debt relief, debt settlement is another viable option for many consumers. What it typically involves:

• Advise debtor to set aside enough money for a negotiated settlement
• Advise debtor to stop credit card payments
• Help the debtor settle debt for much less than full amount owed
• Has a less severe impact on credit than personal bankruptcy

Credit Counseling Agencies

Another popular debt relief method is what's known in the industry as debt consolidation through a credit counseling agency. This approach allows consumers to combine their high-interest unsecured and credit card debts into one, more affordable, and more manageable monthly payment.

Benefits of Debt Consolidation:

• Negotiate reduced, more consumer-friendly interest rates.
• Helps debtor maintain on-time payments to creditors in the program
• Distribute and direct all payments directly to creditors on behalf of debtor.
• Helps debtor by promoting healthier credit habits and debt priorities for the future.
• Lessen the likelihood of personal bankruptcy by debtor.

Explore your debt relief options. Request a free debt relief estimate and savings analysis, at no obligation to you.