This process is intended to help consumers struggling with debt, through household advice, negotiating with lenders on reduced payments, and debt restructuring. Your free debt relief advice is free of charge and your information is kept 100% confidential. While you’re undergoing debt counseling, you’re protected from legal action from your loan providers and only have to pay a monthly, affordable discounted payment, leaving you with enough money to cover your monthly expenses. The International Association of Professional Debt Arbitrators (IAPDA) is North America’s leading training and certification provider for debt negotiation and credit advice.
How does Debt Rescue work?
It can also be difficult to qualify for a new card or loan if you are heavily indebted, as it often leads to defaults or large balances and it affects your credit rating. You put your home at risk of foreclosure and potentially turn unsecured debts that could be erased in bankruptcy into secured debts that cannot. Regardless of the form, the goal of a debt relief program is to reduce the financial burden and even the emotional impact of debt.
How do I cancel my debt rescue?
If you want good and effective services, contact Nicky. Thank you I love you guys keep up with your good work. If it is another potential customer, I will certainly refer them to you. If you stop making monthly payments to your debt management plan, you will be removed from the program and your interest rates will rise back to previous levels. Yes, this is possible if your debt review has been court-ordered and the court order is subsequently overturned OR an application is filed with the court declaring you “not over-indebted.”
Barry Ritholtz is a renowned finance expert, author and blogger. With over 30 years of experience in the financial industry he has gained a reputation as a thought leader and influencer in the investment community.