Rebuild Your Credit With
- Reduce your total debt by up to 50%
- Consolidate multiple payments into one
- Be debt free in as little as 12 months
Move Forward With a Clean, New Slate
Debt Resolution
Do I Qualify?
Do You...
- Owe more than $10,000 in unsecured debt such as credit cards, medical bills, or store cards?
- Need a way to reduce that debt while avoiding bankruptcy?
- Want to be debt free ASAP?
If so, Congratulations, You Qualify!
Debt Resolution is generally for people with $10,000 or more in unsecured debt who want to reduce their total amount of debt without declaring bankruptcy. If you’re facing financial hardship and have more debt than you can pay off in the next two to four years, debt resolution can be a great option for getting yourself back on track financially.
Unsecured debt includes credit cards, store cards, medical bills, and more.
What Is It?
Debt Resolution is a process where a company negotiates or settles an unsecured debt to a creditor or debt collector.
When negotiating, we aim to:
- Reduce the amount of money you owe.
- Agree to “settle” the debt more quickly than you’d pay it off on your own.
The Debt Resolution process is standard for creditors, and settling debt for less than the amount owed is fairly common. Creditors know that clients facing hardship may never pay the debt or decide to declare bankruptcy, so it’s in the creditor’s own interest to settle the debt for less rather than getting no money at all.
Benefits
Benefits Include:
- Reducing your monthly payments by as much as 50%
- Consolidating your debt into one simple payment
- Resolving your debt in 12 - 48 months
You will also enjoy:
- Less stress and anxiety with improved peace of mind
- Freedom to invest in the things that matter, like a home or your child’s education
- Ability to provide financial security for family members or loved ones
- Opportunity to start saving & planning for retirement
The New Slate Process
Create a Repayment Strategy
Work with an Agent to create a plan that works best for you.
Once you’ve enrolled in the program, a custom negotiation strategy is created based on your particular mix of creditors and amount of debt. Your program is designed around maximizing your savings, reducing your overall payments, and settling your debt as quickly as possible.
Open Your Settlement Account
This insured account holds your built up savings.
Next, you will open your FDIC-insured Dedicated Account (sometimes called an “escrow” or “settlement” account) that you fully own. That is where you’ll send your monthly deposits. This account is exclusively used to build up your savings so you can eventually use those funds to pay off your creditors.
Put Your Creditors on Hold
Our Negotiators ensure your creditors call us, not you.
Our negotiators will do everything they can to get your creditors to call them (rather than you) to negotiate as quickly as possible. It can also be a good idea to voluntarily stay off the phones with your creditors; the more you pick up, the more they call. At this point, you will also need to stop using the credit card or loan your program is targeting.
Make Consistent Deposits
On-time deposits ensure that we have the negotiating power we need to settle your debt.
Making all program deposits consistently and on time is the most important thing you can do to ensure a successful plan. Missing payments towards your Debt Resolution Program can stall the negotiation process as there won’t be enough funds in your Dedicated Account for us to leverage in your favor.
Send Payments to Creditors
Once you agree with your creditors on a lower settlement amount payments will be sent automatically.
Once one of your creditors agrees to a lower settlement and you’ve approved it, payments from your Dedicated Account will be sent to the creditor. Sometimes, the settlements involve one lump-sum payment to creditors, while others involve multiple payments over time. When the settlement is complete, your debt with the creditor is considered resolved and the Debt Resolution Services on that debt are complete.
Become Debt Free in 2 - 4 Years
The more money you can add to your Account, the quicker your debts can be settled.
While it varies from person to person, the average debt resolution program lasts two to four years. How long your program takes depends on a few factors, including how much money you deposit in your account every month. You can start paying off debts when you’ve saved enough money to cover the amount negotiated in the settlement. The more money you can add to your Dedicated Account, the quicker your debts can be settled.