It can do so by several means: reduce your outstanding principal amount fully or partially, lower your loans’ interest rates, lengthen the term of your loans, etc. There are only a few situations where a creditor allows debt-relief. One of them is when they see it as a better option than facing the consequences of debt default.

If you have no hope of repaying unsecured debt in five years, you might want to consider bankruptcy or debt settlement. It’s an option that allows you to walk away from your debt and start again. However, it will have a significant impact on your credit score.

xBut if you have the means to pay your debt within five years and want to save your credit score, then our debt relief program is for you.

To begin, a debt consultation professional will examine and evaluate a potential client’s debt and discuss a list of debt relief techniques to determine whether a debt relief program is the proper solution for their unique situation. The evaluation is typically done via a short phone call and there is no obligation to continue after the call has commenced.

At the end of the evaluation call with a debt consultant, the individual can determine whether they’d like to take the next step and work with the debt relief agency.

The process of decreasing a client’s debt is usually a simple, three-step process that helps clients attain hardship relief in the shortest timeline possible.

These loans are typically not a borrower’s first choice, as they can result in significant interest rates and other fees. However, if a small business needs to buy time to develop sustainable financing and have exhausted other options, receivable financing might be an acceptable option.

Once enough funds have accumulated in the client’s dedicated account, the next step of the process can be initiated. Negotiations experts begin contacting creditors to set up debt settlements, credit card consolidation, or other possible avenues.

Between negotiations professionals and their client’s creditors, arrangements can be made to reduce the debt owed and offer the most savings available.

Once settlements have been agreed upon and each account has been paid in full, creditors will then report the payment to the credit bureaus to inform them that the accounts have been paid or settled.

From there, the debt relief client no longer owes any debts on the affected accounts