Debt Settlement is what we do best. When the program starts, you make monthly deposits into an account. The amount of these payments will depend on what you can afford and how much you owe. Our Debt Specialists negotiate with your creditors to accept less than the debt owed. That amount is then paid tto creditors, from the account you deposited into, until the debt is resolved.

• Significant savings over making minimum payments
• One low monthly program deposit
• No fees until your debt is settled

• May negatively effect your credit score
• Potential tax implications
• Debt collection calls

Credit repair is traditionally thought of as the process of improving your credit score by disputing errors on your credit reports. The Fair Credit Reporting Act (FCRA) requires that information on your credit reports be 100% accurate and fair, otherwise it must be removed.

• Lower your interest rates
• Qualify for higher credit limits
• Qualify for better loan options

• Can be expensive
• Principal debt balances not reduced
• Not available in all 50 states

Essentially, you take out one loan to pay off all your debt. This loan will carry a lower interest rate than your debt, so you save money on the interest you would have paid if making minimum payments. You make fixed monthly payments on the loan until it is paid off.

• One predictable monthly payment
• Flexible terms
• No credit impact

• Need good credit
• No reduction on principal
• Results vary

Bankruptcy is a court proceeding in which a judge and court trustee examine the assets and liabilities of individuals and businesses who can’t pay their bills and decide whether to discharge those debts so they are no longer legally required to pay them.

• Debt obligation could be cleared (Chapter 7)
• Creditors are barred from attempting to collect on debts
• Process takes only 3-6 months

• Long-term damage to your credit
• All your credit cards will be closed
• Chapter 7 difficult to qualify for

A cash-out refinance is when you refinance your mortgage for more than you owe and take the difference in cash. You use this cash to pay-off your debt. You usually need atleast 20% equity in the property to be eligible.

• High interest debts paid off
• Reduced monthly payments
• Tax-deductible interest payments

• Need to own a home
• Increased foreclosure risk
• Adds to mortgage debt

Using various online and offline tools, you map out how much you owe and how much you can afford to pay each month. You can either consolidate the debt or try to settle it by working with your creditors. You can then figure out the exact monthly payments required and track your progress as you go.

• No fees
• No required costs
• No credit impact

• Requires strict budgeting
• Requires Negotiating with creditors
• Time consuming