Frequently Asked Questions
What is debt relief and how does it work?
Debt relief is the process of reducing or eliminating debt through various strategies such as debt settlement, consolidation, or restructuring. It involves working with professionals who negotiate with creditors to lower the amount you owe, establish manageable payment plans, or consolidate debts into a single monthly payment.
How long does the debt relief process take?
The duration of the debt relief process varies depending on your specific situation, the amount of debt you have, and the approach taken. Generally, it can take anywhere from several months to a few years to achieve meaningful results.
Will debt relief affect my credit score?
Yes, debt relief may affect your credit score, particularly if you choose options like debt settlement or restructuring. However, as your debts are resolved and you begin making consistent payments, your credit score can recover over time.
How much does your service cost?
Our fees are based on the specific debt relief services you require. We offer a transparent pricing structure and will clearly outline any costs associated with your customized plan before you commit.
Can all types of debt be included?
Not all debts are eligible for debt relief. Typically, unsecured debts such as credit card debt, medical bills, personal loans, and certain types of business debt can be addressed. However, secured debts like mortgages and car loans are not eligible.