Debt Negotiation

Debt Management

Debt Management Plans are structured programs designed to successfully manage your current debt load. Focused towards reducing your interest rate and implementing a debt repayment plan, Debt Management Plans are typically most beneficial for consumers who can afford their current monthly payments and have low credit card balances. If you are finding it difficult to maintain your minimum payments on your balances right now, this program may not be the best option because it does not concentrate on reducing the total amount of your debt.

Debt Consolidation

A person will seek a consolidation loan attempting to pay off their credit cards and transition to just one monthly payment to one creditor. In most cases, the consolidation loan is secured as collateral by using a person’s car or house. If a monthly payment is missed, the lender can repossess the collateral. An unsecured loan can be another alternative, however, they typically come with high interest rates. This option can cost you more money and may not be a desirable choice if you’re currently struggling to make your monthly payments now.

Debt Settlement

This relief option typically benefits individuals and families that are making their minimum monthly payments yet not seeing their balances go down. Under this program, you would make one monthly payment into a savings account and in turn, we work to contact each of your creditors to negotiate reduced balances on your cards. Depending on the amount of debt you owe, this program typically takes 24-36 months to eliminate your credit card or medical debt.