Debt relief can be a confusing topic. It doesn’t have to be.

Debt relief is the process of settling your unsecured debts for a lesser amount than what’s owed to the creditor.  That’s the short version.  With close to $4 trillion in consumer debt in just the U.S. alone, creditors are eager to get their outstanding debts collected. The problem is, due to outrageous interest rates most of your monthly payment goes to interest, not paying down your debt. While this works out great for the creditors, it means your debt will take significantly longer to pay off.

When you make the decision to enroll in our program, one of the first steps we take to help you is reducing or eliminating your interest rates. Now, your money is actually paying off the principle debt rather than the interest.

You’re probably wondering how we get rid of those sky-high interest rates…

The interest rates you pay are controlled by the creditor. While enrolled in our program you no longer will be making payments to those high interest creditors.  Instead, you’ll make a single, monthly payment into an FDIC insured escrow account. This payment amount is completely based on your budget and financial situation. Our certified debt consultants review each candidate’s situation to determine a payment that you can afford.

We know what you’re thinking: won’t stopping my payments hurt my credit? The answer is yes, temporarily, and often less than you might think.

When creditors see you’ve stopped making payments on an unsecured debt, they get very concerned. Keep in mind, unsecured debt has no collateral for that creditor to retrieve, they have to recoup the extended credit, or as much of it as possible.

So, now you’re not paying your creditors.

Instead, you’re making a single, interest free payment into your new FDIC insured escrow account.  This payment is significantly less than your current combined payments to the individual creditors. Generally, it takes about 6 months of payments into this account for us to get you the best savings. During this time your credit may drop, but don’t forget, we’re actively working behind the scenes to eliminate your debt quickly and completely.

Once the funds have built up, we begin settling your debts.  Using our 15 years of experience in the industry, we know the best time to settle with each individual creditor, maximizing your savings and speed of recovery.  As far as the credit score that may have dropped during this time, when we begin to settle each of your debts your debt to income ratio is reduced.  Debt to income ratio is a large factor in your credit score and as it reduces, your score recovers.

Typically, debt relief programs take 24 to 48 months to complete.

That means rather than paying interest rates for the next 10 to 20 years, you’ll eliminate your debt completely in just 24 to 48 months on average. We decided a long time ago to focus on the customer, not the profit. We don’t ever take up-front payments, and you maintain control of everything. Our expert negotiators are in regular communication with you, letting you know where your account stands and settlements in progress. For a more detailed overview of our program, please visit our program page here.