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Which debt relief program saves you the most each month?
Find out today which debt relief programs you qualify for and how much money you could be saving each month!
  • $125,000 debt relief savings estimate 19 minutes ago in Blue Ridge, VA
  • $50,000 debt relief savings estimate 1 hour ago in Virginia Beach, VA
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  • $47,500 debt relief savings estimate 2 hours ago in Richmond, VA
  • $35,000 debt relief savings estimate 10 hours ago in Kents Store, VA
  • $67,500 debt relief savings estimate 11 hours ago in Fredericksburg, VA
  • $50,000 debt relief savings estimate 12 hours ago in Troutville, VA
  • $42,500 debt relief savings estimate 13 hours ago in Warrenton, VA
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Debt Relief – How It Works
Over the years one of the most common questions we get from people who come to our site is "How does it work?"
This video explains how the free debt relief savings estimate works, how debt relief programs work and if there is any cost.

Will Debt Managemement Help You?

If you are finding it very difficult to payoff or pay down credit cards – or simply to make the minimum monthly payments – you may be interested in exploring how much you could potentially save by consolidating your high interest unsecured debts via a debt management plan. Also called a "DMP," a debt management plan (or debt consolidation plan) typically provides consumers in financial distress the opportunity to to combine their high-interest debts - such as credit cards as well as other types of unsecured debts like medical bills, utilities, doctor bills, personal signature loans, etc. - into a single, more structured, and more manageable payment plan made to a credit counseling agency. With a more structured and more affordable repayment plan – and, hopefully, lower interest rates – the objective is to provide a way for consumers in debt to direct more of their payment to pay down the principal of the debts versus simply "treading water" by only taking care of the interest each month. This can help reduce the principal amount of debt much faster than if consumers continue to pay higher interest rates month after month.

Debt consolidation, however, is certainly not the only available option for consumers in need of debt relief. For individuals and families with higher balances on their credit cards (generally $20,000 or more), debt settlement may be a viable option because it may facilitate a "negotiated settlement" between debtors and credit card companies for substantially less than is actually owed. Because of their potential to save money and resolve debts, depending on a consumer's debt level, both debt management and debt settlement are increasingly becoming popular debt relief options among consumers in financial distress who want to avoid bankruptcy, which has a more damaging and longer lasting impact to one's credit score.

To find out if you qualify for debt relief and see how much you can save, answer a few, simple questions online. It only takes minutes to complete and you will get a free debt relief analysis and savings quote. Begin now.

Credit Counselors Customize Debt Management Plans

When you enroll in a debt consolidation or management program, credit counselors will review your financial situation to learn how much actual unsecured debt you have. Then, they will work with you to determine how much money you can realistically allocate in your budget each month to pay off your debts. With this information in hand, they will create a debt management plan (DMP) and submit proposals to your creditors explaining your financial hardship and requesting the benefits of debt relief. These benefits typically include:

  • Lowering monthly payments
  • Reducing interest rates
  • Waiving of late fees and penalties
  • Consolidating or combining debts into a single, more manageable, monthly payment
  • Helping individuals save substantial money and allowing you to get out of debt in less time than you could on your own if you didn't have the benefits of lower interest rates and continued to pay only monthly minimums at a higher interest rate.

Creditors who accept the proposals are added to the debt management plan. You, in turn, will be provided with a more structured and more manageable plan that allows you to pay your debts at a pace that you can more easily afford. For those creditors who do not agree to extend the benefits of debt relief, consumers or debtors are still obligated according to the original terms of their cardholder agreements.

Get Help from the State

Some individuals and families, regardless of their credit card debt or financial situation, may need more immediate help from other sources to pay for the basic essentials in life -- such as help paying for utility bills, rent, groceries, and childcare. To help individuals and families experiencing a genuine financial hardship, the state of Louisiana sponsors programs such as the Louisiana Family Independence Temporary Assistance Program (FITAP), Louisiana Head Start, and the Supplemental Nutrition Program or SNAP, among others. To find out more, go to the state's homepage Benefits section.

Alternative Debt Relief Options are Available

An alternative to debt management through credit counseling is debt settlement. Debt settlement or debt negotiation is more commonly utilized by individuals and families who have high interest, high-balance credit card debt and seriously considering bankruptcy. It is a more aggressive form of debt relief that has helped consumers get out of credit card debt faster, assuming the consumer can accumulate money in a "set aside" account which can later be used to extend a settlement offer to creditors. It's important to understand the difference between debt settlement and debt management:

With debt management you are essentially paying off everything you owe, but saving money through much lower interest rates and a waiving of late fees and penalties. The goal of debt settlement is to "settle" with credit card companies for substantially less than you currently owe.

Why would credit card companies consider "settling" with consumers? If credit card companies decide eventually to "sell off" accounts that are 60 to 90 days late, or more, to a collection agency, creditors may get as little as 10 cents on the dollar, so it is not surprising that credit card companies may be willing to accept a reasonable settlement offer made by you or by a debt settlement company negotiating on your behalf. It is important to recognize that when consumers default on their credit card agreements in order to set aside money in a settlement fund, creditors may threaten or take legal action. In addition, money saved through credit card settlements are subject to federal taxation. Finally, debt settlement typically will have a negative impact on personal credit, but not as serious or long lasting of an impact as personal bankruptcy.

To compare your debt relief options and see how much you could save, take a moment to answer a few basic questions so that we can connect you to a BBB-accredited debt relief provider who may assist you. Prior to enrolling in any debt relief program, it is important to understand clearly how much debt relief can potentially save, how long it will take to realize those savings, and the impact that any debt relief program could have on personal credit and taxes.

The bottom line is, if you are struggling with debts, and no matter what you do, you find it hard to make even monthly minimums, or if you fallen behind in payments, a debt relief plan may be able to help. Based on information that you can get from your free debt relief analysis and savings estimate, you can explore your options, see how much you can save, and find out how long it should realistically take for you to pay off your debts. Answer a few, simple questions online to begin.

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People helping people get the debt relief they need.

Creditors calling?

When you're falling behind with credit card debts and creditors are calling – it feels great to know that there's a debt program to lower your payments and get you out of debt much faster than you ever imagined.
Who we're helping right now...
$30,000 debt relief savings estimate
– Westminster, CA

Unexpected bills

Credit card debts and unexpected medical bills can put you in a real bind. Fortunately, debt relief plans can reduce interest rates, lower monthly payments, and help you get out of debt faster.
Who we're helping right now...
$30,000 debt relief savings estimate
– Westminster, CA

A brighter future

When you work hard to provide a bright future for your children, you don't want high interest credit card debts to get in the way. You need a proven path to become debt free as quickly as possible.
Who we're helping right now...
$10,000 debt relief savings estimate
– Dallas, TX

Debts piling up

When you own your own business, it's easy for credit card debts to become a problem – bills piling up, creditors calling, and you need a way out. The good news is, debt relief can help you save money each month and take control of credit card debts.
Who we're helping right now...
$90,000 debt relief savings estimate
– Greensboro, NC

Supporting a family

Credit card debts can add up quickly, especially when families run into unexpected expenses like medical bills, or loss of a job. The good news is there are credit card debt hardship programs that can help you.
Who we're helping right now...
$35,000 debt relief savings estimate
– Varysburg, NY

Financial hardships

When you go through tough times and credit card debt start closing in on you – it feels good to know there are debt hardship assistance programs to help you get back on track.
Who we're helping right now...
$20,000 debt relief savings estimate
– Macclenny, FL

Retire debt free

When you're planning for retirement, paying monthly credit card minimums will get in the way of your dreams. The good news is, credit card companies may be willing to reduce your interest rates, waive late fees or even settle debts for much less than you owe.
Who we're helping right now...
$50,000 debt relief savings estimate
– Gulf Shores, AL