Couvillier Advisors

Debt Relief

Having trouble paying back credit cards, loans, or other unsecured debts? When paying off debt & back taxes feels hopeless, it creates stress, relationships suffer, and other areas of one’s life can be negatively affected. The great news is that your situation can be solved with proper debt relief help. If you’re tired of paying minimum payments and barely putting in dent in what you owe, or tired of getting calls from creditors, or if you need a solution to pay back the lowest legal amount possible, then you need to take action with a debt relief program as quickly as possible. Contact us today for more information.

Note: Debt relief program available in all states except: ID, KS, ME, OR, SC, WA, WV, WY.

Debt Relief

Debt Relief

What is Debt Relief? - Debt relief is any method or process that helps you reduce or eliminate your debt. Methods like debt settlement, consolidation, credit counseling, and bankruptcy all impact your finances differently. For example, a debt settlement company can negotiate and settle unsecured debts on your behalf so you end up paying much less than what you owe.

Who qualifies for debt relief? - Accredited Debt Relief has helped many individuals find the right solution for their debt. For example, if you have $10,000 or more in unsecured debt and want to significantly reduce your monthly payments without declaring bankruptcy, our debt relief program might be right for you.

Will debt relief hurt my credit? - Debt relief can affect your credit score, but the drop is temporary. Once your debts are resolved, your score should improve. The type of debt relief you choose will determine the impact to your credit score. For example, if you choose our debt relief program your score should improve faster than it would if you choose bankruptcy.

How Does Debt Relief Work? - Debt comes in all shapes and sizes, so having many different debt relief options is a great way to make sure that you get the help you need. While your individual situation will help determine what method is best for you, all methods will focus on the goal of reducing or eliminating debt. Debt relief takes a variable amount of time depending on which program you choose. For example, if you choose debt settlement, it can take 12 to 48 months to settle your debt. Using this method, your certified debt specialist will help you create a plan that includes making regular deposits into a dedicated account for a specified length of time. The amount and frequency of these payments will help determine how long it takes for your debt to be settled.

Debt Consolidation

What is Debt Consolidation? - Debt consolidation is the debt relief strategy of combining multiple debt obligations into one monthly payment to simplify the repayment process for credit cards, loans, and other bills. Consolidating debts can help streamline your payments and make managing your debt less overwhelming.

How Does Debt Consolidation Work? - Consolidation is usually done using one of three methods:

  • Debt Consolidation Loans: By using the money gained from a loan, you can quickly pay off multiple debts and instead focus on one monthly payment. This method is better for people with a healthy credit score, as a lower score could lead to a high loan interest rate.
  • Credit Card Balance Transfers: The process of a balance transfer involves applying and being approved for a new credit card with low rates for balance transfers. This low interest rate is almost always an introductory rate, so make sure you read the fine print on any credit card applications to see how long the introductory rate lasts. Some credit cards even offer 0% interest rates for an introductory period on new cards.
  • Consolidate Debts Through a Debt Relief Company: In addition to combining multiple debt obligations into a single monthly payment, one of the perks to working with debt relief companies is receiving help from debt relief specialists. The debt relief specialists are there to guide you on your debt relief journey while a team of negotiators work directly with your creditors on your behalf to negotiate settlements and potentially lower the amount that you originally owed.
  • Benefits of Consolidation

  • Simplify Payments: By merging your multiple debts into one, you reduce the number of payments, due dates, and account logins you have to remember. Having one convenient and simple monthly payment may help reduce the risk of missing a payment.
  • Make Debt More Manageable: If you’re feeling overwhelmed because of multiple debts and multiple creditors, consolidating may make your debt seem more manageable. This may potentially help motivate you to stick to your plan and pay down your debt.
  • Creates an End Date: Depending on your consolidation program, you may have a set end date in sight for your debt which could lead to paying down debts sooner. It could take decades to pay off debt when paying the minimum payment, and continually accruing more interest, costs and fees onto your balance.
  • Potential Interest Savings: Many debt consolidation plans give you the potential to save on the interest costs of your debt through 0% introductory credit cards, lower interest rates on a loan, or by a debt relief company helping you settle the debts for less than the full balance owed.
  • Possible Lower Monthly Payment: Depending on the terms of your plan to consolidate debt, you could potentially wind up with a lower monthly payment than before consolidating.