Debt resolution is a financial service designed to help individuals reduce unsecured debt by negotiating with creditors for less than the full balance owed. It is an alternative to bankruptcy for consumers experiencing financial hardship.
What Is Debt Resolution?
Debt resolution involves working with creditors to reach agreements that allow eligible debts to be settled for a reduced amount. This process is typically used for unsecured debts such as credit cards, medical bills, and personal loans.
Debt resolution is intended for individuals who are unable to keep up with minimum payments and are seeking a structured path toward becoming debt-free.
How the Process Works
Account Review
The process begins with a comprehensive review of your financial situation. This includes evaluating your outstanding debts, income, and hardship circumstances to determine whether debt resolution.
Negotiation Phase
Once enrolled, we communicate with creditors on your behalf to negotiate potential settlement opportunities. Each creditor and account is different, and outcomes vary based on individual circumstances.
Settlement Completion
When a settlement offer is reached and approved by you, payment is made according to the agreed terms. Once completed, the account is considered resolved in accordance with the settlement agreement.
What Debt Resolution Is Not
Debt resolution is not a loan, credit repair service, or bankruptcy filing. It does not eliminate debt instantly, and it does not guarantee specific outcomes. It is a negotiation-based process that depends on creditor participation.
Pros and Cons of Debt Resolution
Potential Benefits
- May reduce the total amount of debt owed
- Provides an alternative to bankruptcy
- Structured approach to resolving multiple debts
Potential Risks
- May negatively impact credit scores during the process
- Not all creditors may agree to settle
- Results and timelines vary
Impact on Credit
Participating in a debt resolution program may affect your credit score, particularly in the short term. Late or missed payments, as well as settled accounts, can be reflected on your credit report. Over time, as debts are resolved and financial stability improves, credit may gradually recover. No specific credit outcomes are guaranteed.
Timeline Expectations
Debt resolution is not an immediate solution. Programs typically take several months to multiple years to complete, depending on the amount of debt, creditor cooperation, and individual financial circumstances.
Fees Overview
Fees for debt resolution services vary based on the amount of debt enrolled and the services provided. Any applicable fees will be clearly disclosed and agreed upon before enrollment. You are under no obligation to proceed unless you approve the terms.
Is Debt Resolution Right for You?
Debt resolution may be appropriate if you:
- Have unsecured debt such as credit cards or medical bills
- Are experiencing financial hardship
- Are unable to maintain minimum monthly payments
- Owe a minimum amount of qualifying debt
A free consultation can help determine eligibility.
Take the Next Step
If you’re struggling with debt and want to explore your options, a confidential evaluation can help you understand whether debt resolution is the right solution for your situation.
Start your free debt evaluation today.
Final note
This page is written to be transparent, compliant, and conversion-focused without making risky promises.