Facts
Debt Resolution By the Numbers
Debt resolution saves consumers $2.64 for every $1 assessed in fees.
More than 98% of settlements result in net savings for the consumer, including fees.
The debt resolution industry accounts for a total annual economic impact of $6.8 billion across the United States.
A debt resolution client’s first settlement is received on average within four to six months after enrolling.
In total, Americans in debt saved $1.65 billion in 2019 due to debt resolution programs.
Debt Resolution – Clearing a Path to Financial Independence
Americans in debt are experiencing a crisis, with national credit card debt eclipsing $1 trillion for the first time in 2018. While not for everyone, debt resolution offers a vital lifeline.
Debt resolution companies advocate on behalf of consumers by negotiating directly with their creditors to reduce the amount they owe, allowing their clients to get back to living more financially secure lives. Companies must adhere to FTC regulations that prohibit a fee from being collected before the client agrees to a settlement.
Debt Resolution Facts
- Debt resolution allows many consumers to avoid bankruptcy and pay off their debt more quickly.
- Overall, consumer debt is reduced by nearly 32 percent on settled accounts.
- Client FICO scores and creditworthiness generally recover within 12 to 18 months.
- After graduating from debt resolution programs, 99 percent never need the service again.
What consumers are saying
Patcy C
“You always responded to my questions as though I mattered. A refreshing concept. I am so pleased to be debt free. Just keep being kind and understanding. No one ever really enjoys having to be in the position of needing debt help. Thank you.”
Patcy 2
“You always responded to my questions as though I mattered. A refreshing concept. I am so pleased to be debt free.
Patcy 3
“You always responded to my questions as though I mattered. A refreshing concept. I am so pleased to be debt free. Just keep being kind and understanding. No one ever really enjoys having to be in the position of needing debt help. Thank you.”
Anoymous
“You always responded to my questions as though I mattered. A refreshing concept. I am so pleased to be debt free. Just keep being kind and understanding. No one ever really enjoys having to be in the position of needing debt help. Thank you.”