Debt Recovery Methods


Debt Management

Debt Management is when you benefit from a monthly payment plan strategy to disburse payments to the creditor on a consistent basis while we negotiate lower interest rates on your behalf  for each debt.  Unlike other methods, the entire balance of the debt plus any interest that has accrued is required to be paid off. Debt Management can offer relief from constant calls, emails and letters from creditors and also has less of a negative impact on credit scores and reports than other debt solution methods. However, it has a high rate of failure because it requires the most discipline and patience of all available methods.  

Debt Consolidation

Debt Consolidation involves combining all the debts into a single loan for the purpose of having a lower payment with a lower interest rate. Typically a Home Equity Loan or Personal Secured Loan is used. The downside to this form of debt relief is that it does not reduce the principal amount of the debt like Debt Settlement does and it also requires passing a loan approval process. Most people have difficulty with getting approved because their credit score and credit report are usually too damaged by the time they seek help for debt assistance.

Debt Settlement

Debt Settlement is typically the fastest option and differs from the first two methods in that the actual principal balance of the debt is often reduced substantially. Because the overall amount of debt that has to be repaid is lower after the negotiation process, Debt Settlement is generally the faster and less expensive option than either Debt Consolidation or Debt Management.  It can result in as much as a 45% to 50% reduction in debt.  Debt Settlement often has a negative impact to credit scores and reports, but can recover in time.


Bankruptcy is considered the last resort option because of it's severely damaging effects to your credit score, credit history and credit report.  It is typically used for individuals who have multiple high dollar debts and requires a specialized Bankruptcy Attorney to legally complete the bankruptcy process.  Because of this, there are substantial upfront Attorney's Fees amounting to thousands of dollars which usually make it too expensive to be a viable option for most people.

Despite all of these methods mentioned above and the associated costs of each, we know the decision can be difficult.  Therefore, we work hard to provide debt relief that does not require you to borrow money, file for bankruptcy or liquidate your assets.  We can formulate the best plan of action tailored to your needs and with your involvement, achieve your objective of becoming debt free using our Debt Elimination Process.  

We highly recommend you take 1-2 minutes and complete our Debt Relief Application to allow us to provide an evaluation of your debt condition so we can recommend the best possible options for you to resolve your debt once and for all! 

Which Types Of Debt Are Eligible For Debt Relief?

Types of Unsecured Debts - Eligible

Types Of Secured Debts - Not Eligible