How We Help

In just 3 easy steps your could be working towards financial freedom:

Step 1 - Fill out the short form
Our system will compare the data you enter and match you immediately with up to 3 debt specialists.
Step 2 – Evaluate your options
Expect a phone call from each specialist right away.  The specialist will explain their program and answer any questions you have.  At no point are you are not obligated to use any of the services.  Once you have had all your questions answered and are comfortable with your options you would move on to the final and most exciting step.
Step 3 – Make your choice
Once you have all the facts in front of you, you can make an informed decision about how to handle your debt issues. What is so great is that whatever choice you make, you can do so knowing that you thoroughly explored all your options. Getting out of debt is a process, and you have already started moving in the right direction, but it's up to you to take the first step. Start by filling out the form on this page.

We are here to help you!
Solve Your Credit Problems (the credit source) is a no-cost debt solution matching service that works hard for you to find a solution to your debt and credit problems. Our debt specialist’s referral network will provide you with the best service possible. We only partner with debt specialists who meet our strict standards of quality.

Can I do this myself? Yes, you can call your creditors and attempt to negotiate payment terms. However, most credit card companies will not work with individuals regarding their own accounts because you have signed legal accordance (your application for credit) that makes you beholden to your credit card terms. In general, debt specialists are able to negotiate much better terms than you can on your own.

What about filing bankruptcy? Bankruptcy is always an option, but because of the Bankruptcy Reform Act, it is proving more and more difficult to file for bankruptcy and receive the same degree of benefits available 2 or more years ago. Aside from that there is there are many other unpleasant aspects to filing bankruptcy. There are two common types of bankruptcy, chapter 7 and chapter 13. There are numerous fees associated with filing bankruptcy. Bankruptcy stays on your credit report for up to 10 years, and can stay with in the court records for 20 years. In addition you will have to answer yes to the credit application question, "Have you ever filed for bankruptcy?" The programs we endorse are designed for you to pay off the entirety of your unsecured debt within only a few years and have a minimal if any impact on your credit score.

What are secured and unsecured debt?
Secured debts are credit accounts that are guaranteed by an asset that can be repossessed, such as a home or car. One way to look at it is if there is an immediate means for the lender to punish you for not paying – a car can be repossessed, power and phone companies can disconnect service. Unsecured Debts are for things like credit cards and medical bills where there is nothing that the bank can take back, or means to punish you. A school cannot repossess the knowledge you got at school, nor can a hospital take back your health.  It is true that secured debts can become unsecured in certain cases, such as a repossessed car on which you a deficiency balance (the difference between what you financed and the amount the repossessed car was sold for at auction). In the opposite case unsecured debt can become secured if you use home equity to consolidate your debt – this is called debt collateralization and should be avoided. Most debt programs are designed to work with unsecured debt, so before you refinance or take a second mortgage it is always a good idea to get  advice from a professional.

Will I still receive harassing phone calls?
Most debt management programs will contact your creditors and attempt to stop the harassing phone calls. Some programs are more effective than others at stopping the calls. When you speak to a debt specialist make sure to let them know if you are receiving harassing calls. There are numerous laws in place to protect you from creditor harassment. Your debt specialist can explain them to you 

Can my creditors sue me?
Creditors do have the right to sue you to collect their money, however lawsuits are quite rare. Lawsuits are expensive for everyone involved, so your creditors much more likely to negotiate before going to court. It is a good idea to speak with a debt specialist if your creditors are threatening to sue or garnish your wages. A good debt management program can potentially keep you out of court.

What settlement % will creditors accept?
Every situation is unique, and based greatly on the ability of the debt negotiator. We strive to only deal with agencies that have a strong track record of successful and effective settlements. The typical range for settlement is 20% to 70%. Factors that affect the settlement amount are: your income, age, payment history, and the ability of your debt settler. 

Do these programs affect my credit?
Depending on what method of debt reduction you decide to proceed with there is a broad range of potential affects on your credit score; your credit can be improved or made worse by a debt management program. Often it depends on your specific information. If you have late payments, charge-offs, or other bad marks on your credit you may actually improve your credit through consolidation. On the other hand, if you have excellent credit you will want to carefully consider your debt relief options since there is a chance that it could lower your credit score. The debt specialists that you speak with will discuss the potential credit implications and find a program that best suits your goals.

How will these programs take?
There are several factors that effect program length; debt amounts, the creditors involved, and the types of debts all affect how long your program will take. Consolidation programs generally take longer than settlement. Debt Consolidation generally takes from 3 to 5 years. Debt Settlement can take anywhere from 3 to 36 months. Remember, these are just rough estimates and your situation may take more or less time. To get a more accurate estimate you will need to speak to a debt specialist.