Your Debt Needs a Weight-Loss Plan
We help you understand the tradeoffs, build funds toward reduced settlements and work toward being debt free.
Debt relief starts with knowing which weight you can actually put down.
When you enroll, we immediately become your advocate with your creditors. You stay in control of your money the whole way.
Take the quick assessment. A Certified Debt Specialist reviews your debts and confirms the program actually fits your situation.
You get a detailed welcome packet the moment we get off the phone, so you know exactly what happens next and when.
We negotiate agreements with your creditors to settle for less than you owe. Debt free in as little as 12 months, with payments extendable up to 48 months.
How debt settlement works, without the fine-print fog.
Debt settlement is a savings-based program. We help you open a trust account that you own and control, and you build funds in it monthly. Once there is enough to make a real offer, we negotiate with each creditor.
- You own the trust account. Every settlement is paid to creditors from an account in your name, never ours.
- You choose which debts we settle. Our specialists advise on priority, you decide.
- Specialists and lawyers handle the negotiation and keep you educated at every step.
- Completely confidential. Your status is never shared outside the debt settlement team.
Real client results
Two stories we publish, in our clients' own words. Still weighing it up? Read is debt settlement right for me.
Thanks to The Credit Gym I was debt free in 24 months! I had over $40,000 in debt, and they were able to settle it for half the amount. I could not believe they got my debt reduced by so much and that it all happened so quickly.
I was hiding from my debt for years, screening every call in fear it was a creditor. It got so bad I was about to have my wages garnished. After my first phone call there was a clear plan. I settled my debt at 48% and never had my wages garnished.
Settlement can help. It also has consequences.
Debt settlement affects your credit score, and any company that says otherwise is lying to you. If you can realistically pay your debts on schedule, keep paying them and consider credit repair for the inaccurate items instead.
If you cannot save any funds at all each month, settlement cannot work either, because settlements are paid from what you save. And bankruptcy is a legal decision for a lawyer, not a sales pitch. We will tell you when it is worth asking one.
Dinner without the creditor calls
Settlement vs consolidation
Settlement lowers the amount you owe and your monthly payment. We negotiate your existing debts down.
Consolidation means a new secured loan, usually with your home or car as collateral. Default and they can take the collateral. We generally do not recommend it.
After settlement: enroll in credit repair to rebuild your score quickly. That is the second half of the program.
Debt settlement vs. credit repair: different problems, different equipment.
Debt settlement is a process in which a consumer or representative negotiates with a creditor to accept less than the full balance as resolution of an eligible debt. Creditors are not required to agree, and settlement can have financial and credit consequences.
Debt settlement may be worth evaluating for people with qualifying unsecured debt who are struggling to repay under the original terms but can build funds toward settlements. It is not automatically the best choice for everyone.
Programs commonly focus on certain unsecured debts such as credit cards or personal loans. Secured debts, federal student loans, taxes and other obligations may require different solutions. Eligibility depends on the specific program and creditor.
It can. Falling behind on payments and settling for less than the full balance may negatively affect credit. Anyone considering settlement should understand that tradeoff before enrolling.
Yes. Enrollment in a settlement program does not automatically prevent a creditor or collector from pursuing legal remedies. Consumers facing a lawsuit should obtain appropriate legal advice.
Not necessarily. Until an account is resolved, interest, fees or collection activity may continue according to the account terms and applicable law.
Some canceled or forgiven debt may be treated as taxable income, although exceptions can apply. Consumers should ask a qualified tax professional how a specific settlement may affect them.
Debt settlement seeks to negotiate eligible balances for less than the amount owed. Debt consolidation generally combines or refinances debts into a new loan or payment structure. Each has different qualification requirements, costs and risks.
Use depends on the problem. Credit repair addresses potentially inaccurate or otherwise disputable credit reporting. Debt settlement addresses qualifying debt balances that a consumer may be unable to repay under original terms. Some people may need one strategy, both at different stages, or neither.
Yes. Rebuilding generally involves establishing consistent positive payment history, managing balances, monitoring reports and using new credit cautiously. Recovery time varies by individual profile.
Find out if you qualify in one call.
Take the assessment or call a Certified Debt Specialist. If settlement is not right for you, we will say so.