Comprehensive solutions to help consumers out of debt

What's the differences between
Debt Settlement and Credit Counseling?

Debt Settlement
The most important difference between these two programs is that with Credit Counseling, you pay back all of the debt balances, plus interest and fees, whereas with Debt Settlement, you pay back only a portion of your debt load. That's why Debt Settlement is a much faster path to debt freedom (2-3 years) than Credit Counseling (5-9 years). This means a lot less money out of your pocket is used through the Debt Settlement approach. Another key difference is that your Debt Settlement firm works solely for you, the consumer, and receives no compensation directly from the creditors. In other words, your Debt Settlement firm is truly on your side.

Credit Counseling Agency
With a Credit Counseling agency, there is a dual relationship, where part of their income comes from the client and the majority of it comes from kickbacks paid by the creditors. This creates a built-in conflict of interest and creates doubt as to whose side the agency is really on. Also, Debt Settlement provides much more flexibility than Credit Counseling in both the monthly budget level and the types of accounts that may be enrolled. For example, if you have a really tough month and need to skip a payment, that situation can be absorbed by a Debt Settlement program, whereas it will cause serious problems with a Credit Counseling program. Further, if your accounts have "charged off" and gone into the third-party collections cycle, you can still enroll those obligations in a Debt Settlement program where they will be rejected by a Credit Counseling agency.

Credit Improvement
Turned down for credit? Can't consolidate your debts because your credit is so bad nobody will lend you money? Stop letting poor credit hurt you. Let us show you how to turn it around. FREE Consultation! 

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