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Get Debt Relief

  • See up to 50% of your debt negotiated away*
  • Gain freedom from debt in as little as 12–36 months*
  • Reduce harassing phone calls from debt collectors
  • Avoid the dangers of bankruptcy

Debt relief is at the heart of debt settlement

The main goal of Think Debt Relief’s debt settlement program is to get you out of debt as quickly and painlessly as possible. Debt settlement could be the right choice for you if you have a lot of debt and are considering other debt relief options such as credit counseling or bankruptcy.

Our debt settlement program is specially customized for each person who enrolls, in order to give everyone who comes to us the best chance of getting the most from the program’s benefits:

  • Settle your balances for up to 50% less than what you owe*
  • Get to zero debt in as little as 12 months*
  • Avoid the dangers of bankruptcy

At Think Debt Relief, we’ll work to help you negotiate your balances down, reduce phone calls from creditors, and get your debt under control so that you can begin to take your life back — all in just five steps.

Debt Settlement: The 5 Steps to Zero Debt

Step 1: Contact us for a FREE no-obligation consultation. We’ll take a look at your total financial picture and help you determine which debt relief options are right for you.

Step 2: Set up a single monthly payment. Once we’ve determined that debt settlement is right for you, we’ll work with you to establish a single, affordable monthly payment. You’ll make this monthly payment into an FDIC-insured Debt Reduction Account that you control.

Step 3: We negotiate with each of your creditors individually. After your Debt Reduction Account has grown to the point where we can make settlement offers to your creditors, we’ll begin individual negotiations with them. By dealing with your creditors individually, we’ll have the best chance of getting the best offer possible from each one. Our goal is to work out a settlement agreement for as much as 50 percent less than what you current owe.* We’ll give you regular progress reports so you’re always well-informed and up-to-date on how your account settlements are going.

Step 4: Your accounts are paid off and closed. When we reach a settlement agreement with one of your creditors, we’ll contact you to get your permission to pay off the new, lower amount. Payments to your creditors will be made out of your Debt Reduction Account, but we will never make a payment out of your account without your prior express authorization. As each one of your accounts is settled and closed, we’ll send you a notification letting you know your balance on that account is officially zero.

Step 5: Your credit report gets updated to show your debts as paid. Once an account is settled and closed, we’ll ask your creditor to report your new zero balance to the credit rating bureaus. Your account will be officially identified as “settled,” “settled in full,” or “settled for less than the full amount,” and you’ll have successfully ended your relationship with that creditor.†

Debt management plans make us a one-stop-shop for debt relief

Along with our debt settlement program, Think Debt Relief also offers consumer credit counseling and debt management plans. Our debt management plans offer complete debt relief solutions that can help solve your debt problems now, while providing tips, education, and advice on how you can prevent more debt problems in the future.

Unlike debt settlement, a debt management plan requires you to pay back 100 percent of what you owe; there are no debt reduction negotiations with your creditors to reduce your open balances. However, debt management plans can have less of a credit impact than debt settlement, and they allow us to negotiate with each creditor for benefits that a debt settlement program may not be able to provide:

  • Interest-rate reductions
  • Lower monthly payments
  • No late fees
  • No over-the-limit fees
  • Additional help with bringing your accounts current

A credit counseling debt management plan may be a better solution for you than debt settlement, depending on your debt, your budget, and your creditors. One of our debt relief professionals will be able to tell you more about how a debt management plan can help you.

The DOs and DON’Ts of Debt Settlement and Debt Management Plans

  • DO make regular, timely payments.

A failure to pay on time could seriously affect your negotiated debt settlement or repayment terms.

  • DO seek out credit education while you’re enrolled in a debt settlement program or a credit counseling debt management plan.

Modifying your behavior will help you avoid more debt problems in the future.

  • DON’T use credit cards while you’re enrolled in a debt settlement program or a debt management plan, unless you have an emergency.

Credit companies will see this as an ability to pay, which could seriously affect your negotiated debt settlement or repayment terms.

  • DON’T take on any additional debt while you’re enrolled in a debt settlement program or a debt management plan.

Taking on additional debt could seriously affect your negotiated debt settlement or repayment terms.