If you're researching debt relief options, you've probably seen a lot of vague claims and confusing jargon. "Reduce your debt!" "Get relief fast!" But nobody explains how it actually works. Here's the full breakdown — no sales pitch, no fluff, just the real process from start to finish.
Legal debt relief is a federally regulated process where a debt professional negotiates with your creditors to reduce what you owe. You pay back a fraction of your debt (often 20-40 cents on the dollar) over a maximum of 6 years. The rest is legally forgiven.
You talk to a federally-licensed debt professional. This isn't a sales call. It's a fact-finding conversation. They need to understand your debts, income, expenses, and assets.
Remote Friendly: Phone, video call, or in-person.
If you move forward, the professional files a legal proposal. This outlines how much you offer to pay (e.g., $15k on a $50k debt) and the timeline.
This is called a "Stay of Proceedings." From the moment we file:
Creditors have 45 days to vote. If creditors representing 50% of your debt value vote yes, everyone is bound by the deal.
Result: 77% Voted Yes. The Payday Loan company is forced to accept the deal.
*Over 80% of proposals are accepted because creditors prefer getting something over getting nothing in a bankruptcy.
You make one monthly payment to the debt professional. They distribute the money.
Once payments are done, you get this legal document. The remaining debt is erased forever. Creditors can never pursue you again.
Rated as R7 (better than bankruptcy). Stays on report for 3 years after completion. You can start rebuilding credit immediately during the process.
You don't need to be rich. You just need something reliable. People on disability, pensions, part-time work, or seasonal work often qualify if the numbers make sense.
The process starts with a free, confidential consultation. No obligation. No pressure. Just clarity.
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