Your balance, explained honestly.
Every card statement prints a Minimum Payment Warning. Here is ours, finished: the three real ways out, with the time, the total and the fees in dollars. No name or phone number needed.
Since 2008Real people in English, Spanish and Hungarian
If you make only the minimum payment each period, you will pay more in interest and it will take you longer to pay off your balance. Below: that line, plus the two your statement leaves out.
Sorted by what you would pay in total, fees and interest included.
Illustrative estimate. Results vary; not all debts settle.
Account summary
Most companies keep this in the fine print. We put it before anything else, in the same size type as the good news.
A fee applies. It is always its own line, in dollars, never folded into "savings". The 20% used on this page is illustrative.
Most programs run 24 to 48 months. Accounts resolve one by one along the way, not all at the end.
A real person picks up the phone, in English, Spanish or Hungarian. A small, expert team, working since 2008.
Statement activity
An illustrative $25,000 spread over four accounts. The right-hand column is what is still open. Nothing on it moves without your yes.
A real person goes through your debts with you. If settlement is not right for you, we say so and point you somewhere better.
You open a dedicated account in your name and make one monthly deposit into it. One deposit replaces the pile of minimums.
We work each account separately, one creditor at a time, for less than the balance you owe.
Before a single dollar is paid, you see the creditor, the settled amount and the fee. Nothing is paid until you say yes.
Your yes, every timeEach settled account drops off the list. Most programs run 24 to 48 months, and the column ends at zero.
Accounts we work on
For unsecured debt: credit cards, medical bills and personal loans. We negotiate each account for less than you owe.
For business debt, including merchant cash advance (MCA) negotiation, when the daily pulls outrun the revenue.
For business owners who need a clear view of money in and money out, and a plan the business can actually keep.
Your four real options
Settlement is one tool. Here is how it stacks up against the other three, on the lines that matter.
| Question | What we doDebt settlement | Consolidation loan | Debt management plan | Bankruptcy |
|---|---|---|---|---|
| What you repay | Less than the enrolled balance, plus our fee | The full balance, plus interest and any loan fee | The full balance, usually at a lower interest rate | Depends on the chapter; some debt is discharged |
| How long | Most programs run 24 to 48 months | Usually 2 to 5 years | Usually 3 to 5 years | Months for Chapter 7; 3 to 5 years for Chapter 13 |
| Credit impact | Your score will drop during the program5 | A hard inquiry; on-time payments can help | Accounts are usually closed; milder effect | Severe, and long-lasting on your report |
| Risks | Creditors may still collect or sue; forgiven debt may be taxable | New debt if the cards fill up again | Missing payments can end the plan | Court process; some assets may be at risk |
| Who it fits | Real hardship, about $7,500 or more of unsecured debt | Good credit and steady income for a lower rate | Steady income that can repay in full | Debt far beyond what you could ever repay |
If you can repay in full within a few years, a debt management plan or a loan will usually cost you less credit damage than settlement. We will tell you that on the phone, too.
Settlement letters
One illustrative client, three accounts, $38,200 enrolled. These are mock-ups in round figures, not real client letters.
Re: Credit card account ending ••42
This letter confirms that the account above is settled in full for the amount below, paid as agreed from the client's dedicated account.
Illustrative example
Every settlement above was approved by the client before it was paid.
Re: Medical account ending ••07
Settled in full for the amount below.
Re: Personal loan ending ••19
Settled in full for the amount below.
Illustrative example. Results vary; not all debts settle. Your credit score will drop, creditors may still sue, and forgiven debt may be taxable.
Who picks up
Before you call
A two-minute read that can save you a wasted call. If we're not the answer, we'll say so.
Free nonprofit credit counseling may suit you better. Find a counselor through the NFCC.
Guides
Plain guides to the letters, calls and choices in front of you. Written to inform, not to sell.
Yes. Your credit score will drop during the program. If protecting your score matters more to you than lowering what you pay, a debt management plan or a loan may suit you better. The comparison above shows the trade.
It can happen. Creditors may continue collection while your accounts are enrolled, and they can sue. If you receive court papers, call us right away at 866-659-7966.
It may be. The IRS can treat forgiven debt as income, and a creditor may send you Form 1099-C. A tax professional can tell you how it applies to you.
A fee applies, and every estimate shows it as its own line, in dollars. The estimates on this page use an illustrative fee of 20% of enrolled debt. We show you the exact fee before you decide anything.
No. We don't make or sell consolidation loans. We negotiate what you owe. If a loan would serve you better, we'll tell you.
We're enrolling clients in Florida, Georgia, Texas and California. Debt settlement isn't available in every state. If yours isn't on the list, free nonprofit credit counseling is a good place to start.
We also work with clients abroad who hold a US SSN or ITIN.
Start with the number
Closing balance could read
$0.00
Illustrative example. Results vary; not all debts settle.
Estimate slip · keep this part