Need Help Choosing a Debt Relief Path?
We can help you choose the best solution.


Negotiate a lower debt total with your creditors and have the rest forgiven.


Take out one loan with a lower interest rate to pay off all your other debt.


Address the core issue of your debt: poor financial habits and irresponsibility.


Get a fresh start and clear your debts, avoid foreclosure, and stop debt collector harassment.

Debt Settlement
Pay off your debt for less than your balance.

This option may also be referred to as debt negotiation or debt resolution. By working with a negotiator, your creditors could be talked into letting you pay off your debt for less than what you originally owed.

What Is It

A professional debt consultant will negotiate with your creditors on your behalf to lower your debt balance. Before negotiation occurs, you will make monthly payments into an FDIC-insured account to be applied to the settlement. When a significant amount has been deposited, the debt consultant will begin negotiation for settlement.

Who Is It For

  • Someone struggling with overwhelming debt
  • Someone who cannot make their minimum monthly payments
  • Someone looking for bankruptcy alternatives
  • Someone who wants to resolve their debts quickly

Pros & Cons

Pros: Low monthly deposits, fees only payed after debt is resolved, negotiation made on your behalf, pay off your debt for less than what you originally owed.

Cons: Could negatively affect your credit scores, collectors may still contact you.


Debt Consolidation
Use one loan to pay off all your debt.

Debt consolidation can help minimize the amount of payments to focus on each month by using one loan to pay off all your debt. This process is more convenient but may introduce a higher interest rate or the need for collateral.

What Is It

Cash-out refinance is the most popular type of debt consolidation loan. To qualify, you must have reliable income, good credit, and sufficient home equity. This loan uses collateral—for example, your home—to secure a loan that will pay for all your other debt and leave you with a single monthly payment to focus on.

Who Is It For

  • Someone with a large amount of debt (more than $10,000)
  • Someone with available collateral, such as a house
  • Someone willing to pay a higher interest rate

Pros & Cons

Pros: Possibility of a lower interest rate, convenient single monthly payments, easier to manage.

Cons: Collateral items may be at risk, does not reduce the amount you owe, interest rate will likely be higher.



Debt Counseling
Get relief for your moderate debt.

If you’re behind on your payments and find yourself falling into a moderate level of debt, counseling could help address the issue at its core and help you get back on track with affordable payments.

What Is It

A credit counselor will work with you to set up a budget and affordable payment structure. You may also be offered a lower interest rate that has already been negotiated with your creditors. Counseling is best for people with moderate levels of debt.

Who Is It For

  • Someone with a moderate level of debt
  • Someone who can make their minimum payments but needs help getting ahead
  • Someone who wants protection from collection agencies
  • Someone who wants to avoid becoming delinquent

Pros & Cons

Pros: Budgeting assistance, lower interest rates negotiated with your creditors, monthly payments made through your counselor, may not negatively affect your credit score.

Cons: Responsible for all of the debt owed, must keep up with timely payments, could take longer than a debt settlement.

Get a fresh start.

Bankruptcy should only be considered as a last resort due to the severe consequences involved. Most people qualify for Chapter 13 bankruptcy, which involves the need to still pay off some of your debts after.

What Is It

When you file for Chapter 13 bankruptcy, you will negotiate a new payment plan with the court and your creditors. When a repayment plan has been decided, you will make your payments to a court-appointed trustee who will then distribute the money to your creditors.


Who Is It For

  • Someone who has already tried other options
  • Someone who has been unable to make their minimum monthly payments
  • Someone who has more debt than they will likely ever be able to pay back


Pros & Cons

Pros: Could be best option for someone struggling with an overwhelming amount of debt, free from obligations to pay off debts, more effective than other debt relief alternatives.

Cons: Severely negative effects on your credit score, remains on credit report for seven to ten years, costs money to file, can be difficult to qualify.