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Depending on your personal situation, you may see your credit rating decline during the initial part of the debt settlement process, but it should begin to rise as your debts are paid off. Many of our clients graduate within 24-48 months with a credit score that’s fully recovered or improved.

On the other hand, if you wipe out credit card debt through Chapter 7 or Chapter 13 bankruptcy, that information will stay on your credit report for years to come. In a Chapter 7 case, the information will appear on your credit report for 10 years. For Chapter 13, it’s seven years. As long as a bankruptcy remains on your credit report, it will negatively affect your credit score. According to Association for Financial Counseling & Planning Education, a bankruptcy may initially drop your credit score anywhere from 100 to 225 points.

We charge no fees until you approve the settlement agreement and your debts are settled. There are no sign-up fees, no cancellation fees, and there’s absolutely no obligation – you’re in control. Once debts are settled, the average client usually pays a fee of 15-25% of the total debt enrolled as part of their monthly payment. And if we can’t settle your accounts, you don’t pay us. It’s that simple.

Debt settlement reduces your balance. Your debt is negotiated down, and you pay less than you owe. The creditor forgives the remaining balance in a transaction called a settlement. Debt consolidation combines all of your debt into one loan with a single monthly payment, often at a reduced rate of interest. This typically requires a higher credit score for approval.

A friendly, dedicated debt expert will let you know all your options and the advantages / disadvantages of each – then help you decide what’s best for you. Together you’ll create a debt repayment plan that returns you to financial stability in a reasonable amount of time.

Since 2009, we’ve successfully helped hundreds of thousands of people get out of debt. We are one of the country’s largest debt relief companies and pride ourselves on our accreditations which include:

– A+ rating with the BBB
– Over 21,000 five-star reviews of the National Debt Relief program
– A team of debt arbitrators certified through the IAPDA (International Association of Professional Debt Arbitrators)