Debt Relief
A Partner in Debt Relief
There are no surprises with the Rescue Debt Solutions debt settlement program. Our debt relief specialists make you feel comfortable with the debt settlement process. With Rescue Debt Solutions you have a partner in debt relief. We communicate with you from the beginning of your program through the end.
Debt Relief
Debt relief has helped hundreds of thousands of Americans just like you break free from their unsecured debt. Compared to bankruptcy or credit counseling, debt relief helps you settle your debts for less than you owe and allows you to walk away from your creditors with a zero account balance. Except you don’t do the negotiations and the settlement – we take care of it for you.
Your debt relief program will be tailored to your specific financial situation so that you can get out of debt in as soon as possible. You can feel assured that your debt is being taken care of, giving you freedom to take care of the rest of your life. It’s a simple five-step process. Here’s how it works.
The Five-Step Debt Relief Process
Step 1. The Call. Call (888) 492-9199 for a FREE consultation. A Rescue Debt Solutions debt settlement specialist will walk you through the process and analyze your entire financial situation to determine if our debt relief program is the best solution for you. There’s no obligation to enroll.
Step 2. The Payment. Together, you and our debt relief specialist determine a monthly payment program. You will make an affordable monthly payment to an FDIC-insured savings account that you set up and you control. You authorize payments on your settled debts from this account. We cannot access your account without your permission. Your monthly payments will typically be lower than your current minimum payments and will be held in your FDIC-insured savings account until we reach settlements with your creditors.
Step 3. The Negotiation. Our negotiations affiliate will negotiate with your creditors individually when your savings account has accrued enough funds to satisfy a settlement. This can often take several months, and we often advise our clients to avoid using credit during this time. We will keep you updated on the progress of these negotiations.
Step 4. The Settlement. We will notify you when we reach a settlement with your creditors. Our goal is to settle your debts for 50 percent less than what you owe. You will authorize the lower, negotiated payment to your creditors from your FDIC-insured savings account.
Step 5. The Closing. Your creditor will release a “settled account” notice to the credit reporting bureaus once your payment has been received. Your creditor will change your account status to “settled,” “settled in full,” or “settled for less than the full amount;” either way you will have a zero account balance and you will have successfully been freed of your debt with that creditor.
There’s no better time to start working toward a better life for your family.
Myths About Debt Relief Programs
Debt relief will affect my credit
A debt relief program is not a credit-repair program. Our clients can enroll in a credit repair program independently to address any credit issues they may have. Rescue Debt Solutions often advises its clients to avoid using credit while enrolled in our program to prevent the debt amounts we’re negotiating from fluctuating.
Debt relief companies are all scams
Debt relief companies have developed a bad reputation in the media over the past year. Unfortunately some debt relief companies are established with malicious intent, often in states with more relaxed industry laws and standards. Rescue Debt Solutions is a certified and reputable debt relief services company. We’re a member of the International Association of Professional Debt Arbitrators, and all of our debt relief consultants are certified by the International Association of Professional Debt Arbitrators.
Debt relief and debt management programs are the same
Debt management programs often go hand-in-hand with credit counseling programs. Debt management programs help consumers set aside money to pay off their debt as part of a credit counseling plan, but the consumers’ debts are still paid in full. Debt relief programs, like the one offered by Rescue Debt Solutions, take a similar approach, but the money that you set aside is used to pay off balances that have been negotiated down with your creditors.
I can just as easily negotiate with my creditors on my own
Because Rescue Debt Solution’s negotiating affiliate has an established relationship with creditors we often have more success negotiating debt settlements than does the individual consumer. The debt settlement process can be very time intensive, which the consumer with a full-time or part-time job may not have time to commit to. Plus, our program helps consumers put aside money with the sole purpose of paying off their debts often increasing the success of our program.
Bankruptcy is a better alternative to debt settlement
Bankruptcy is an extreme solution reserved for consumers who have a low income and have a cumulative credit card debt that exceeds their yearly income. Chapter 7 bankruptcy — exoneration of all debt — is a 10-year commitment and with Chapter 13 — reorganization of debt – the seven-year clock starts ticking after you pay off your debt. If you need five years to pay off your debt it will take another 12 years for bankruptcy to be erased from your credit history. Also keep in mind that even bankruptcy can show up on credit reports, which employers often check before hiring.
Still have questions? Contact one of our debt relief specialists now at (888) 492-9199.
