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Our Program

Debt Resolution

Debt Resolution is the process of negotiating with a creditor or debt collector to repay less than the full amount owed. Generally, you're able to repay less than the amount owed in a lump sum or in a short term payment plan. 

 

Save Source representatives will contact your creditors on your behalf to negotiate a better repayment and reduce the amount of time you spend in debt. While we negotiate, you will make a single (often times reduced) monthly payment into a third party account so that funds may build-up and be used to pay off the settlement and pay our program fees. Once an agreement is reached, your negotiator will reach out to you to obtain your authorization to release funds to your creditors.    

PROS

  • Experienced negotiators working on your behalf

  • Immediate payment relief

  • May help you avoid bankruptcy

  • Reduce the amount of time you spend in debt

CONS

  • Credit card accounts get closed

  • Will likely have an adverse effect on your creditworthiness

  • May increase the amount owed due to interest and fees.

  • Possibility of collection activity, including being sued by creditors or collectors.

Schedule a consultation today

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