This more traditional path of debt reduction is well suited for those whose situation hasn’t grown quite as urgent as that of our typical DRES client. Here, our agents negotiate a reduced debt agreement on your behalf in exchange for your promise not to declare bankruptcy.  It’s a “better than nothing” business arrangement for the creditors that can relieve you of as much as 70% of your current debt burden.

Pros:

• This is a common and honorable alternative to bankruptcy which most folks have no trouble understanding.
• All types of debt are admissible into this program, including car loans, payday loans, medical bills and tax bills.
• You are relieved of as much as 70% of your original debt burden.
• No long-term damage is done to your credit.

Cons:

• Your debt cannot be negotiated down to zero.
• Your payments will continue for several years.
• Your credit will suffer in the short-term.
• You have to feel comfortable offering “take it or leave it” conditions to your creditors.