Yes. There are several debt relief options besides credit counseling services and debt management programs.

• Debt Negotiation
• Debt Settlement
• Debt Consolidation
• Debt Reduction
• Consolidation Loans

Each state limits the amount of time in which a creditor can sue you after an account becomes delinquent. Sometimes the statute is longer than the credit reporting limits, sometimes shorter. The statutes of limitations for written contracts, for example, range from three years in Delaware to 15 years in Ohio, although the typical limit in most states is five or six years. The rules vary widely, but, in some states you can inadvertently extend the statute of limitations by entering into a repayment plan with a creditor or even by acknowledging that a debt is yours. Getting dragged into court and having a judgment entered against you could further hurt your credit score and your efforts to rehabilitate your credit. For more information regarding your creditors legal limits click here to contact us!

Debt consolidation programs let you consolidate your monthly payments, often with a reduced interest rate and a lower monthly payment. Debt consolidation is the combination of unsecured debts into one consolidated, fixed monthly payment. Interest rate reductions and interest elimination are some of the many benefits associated with debt consolidation.

With debt settlement you also have only one monthly payment, but instead of paying it to creditors each month it goes in a savings account until there is enough to offer your creditors a settlement. Debt settlement reduces your debt with creditors through a mutually accepted settlement agreement. This agreement results in a reduced, significantly lower monthly payment.

While individual results vary, Our average client typically saves between 25% to 50% of the balance owed.

When you complete your enrollment forms, we notify your creditors that you have enrolled into our debt management program and we will send them an official proposal that includes all the pertinent information that your creditors require. If there are no changes to the proposal, you can begin the program. If changes are necessary, we will notify you of the requested changes. The majority of creditors are willing to work with debt management plans. It’s a better alternative than if you decided to file for bankruptcy. In the end, a debt management program is more beneficial for them and you.

This is a federal law that protects consumers from harassment or threats made by creditors. It also prohibits creditors from making false statements. This law also prohibits a debt collector from disclosing what you owe to anyone but you or your attorney.