Nonprofit Consumer Debt Settlement

Debtsettlement.org exists to educate consumers on the pros and cons of settling debt, and the many options they have at their disposal. It is a debt relief financial ecosystem that matches consumers with the right providers, based on the individual needs of the consumer. There are many providers in this space giving you just one option to settle your debt. However, we encourage the consumer to pick the solution that works best for them, and we will help facilitate the partnership with one of our network providers.

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Advantages of Debt Settlement

Lowering the interest rates of your loans

Settling your loans can mean paying a lower overall interest rate on your debt, which will ultimately save you money.

Lowering the total amount you owe

Unlike a debt consolidation or credit counseling plan, debt settlement can help you pay a much lower amount than what you originally owed.

Creating a plan and goals to eliminate debt

Instead of trying to pay off debt as you go, debt settlement creates a plan to eliminate your debts strategically with the help of debt resolution professionals who know how to handle serious financial problems.

Settling debt in 2-4 years instead of up to 9 years

With credit counseling, it can take up to 9 years to pay off your debt. A quality debt settlement company can help solve your debts in 1/3 the time.

Taking less of a credit hit than bankruptcy

Almost every option is better than bankruptcy, which is truly a “nuclear option” on debt relief. Debt settlement allows you to pay off what you can without having to destroy your credit for up to a decade.

Non-profit advantage

As a 501c3 we are required to ensure you get the education you need to make the best decision. We explain your options differently than a for-profit or BK attorney.

Additional Options For Debt

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Debt Management Plans

Once you and your counselor determine your best course of action is to enroll in a Debt Management Plan instead, our financial counselors become your personal advocates, working closely with you and your creditors.

Stop the collection calls • Pay off your debt faster • Create a realistic budget
Consolidate debt payments • Reduce or eliminate penalty fees

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Declaring Bankruptcy -
Everything You Need To Know

Our experienced financial coaches work with people in all stages of their financial life, including bankruptcy.
Declaring bankruptcy is typically a last resort, as it is designed to provide relief from financial distress when you can no longer pay any portion of your debts. Our financial coaches work closely with you to assess your unique situation and educate you on alternative debt relief options. If you determine that your situation calls for a declaration of bankruptcy, we will guide you through the process, assist you with locating proper legal counsel, and make sure you are on the best possible path to a brighter financial future.

Partnering with Us

We offer a qualified and unbiased opinion on the best possible options and outcomes regarding your unique position. There are many ways to settle debts, and we will connect you with the solution that fits your need.

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