What is Debt Relief Aid?

Debt Relief You would be surprised at how many individuals approach me and those in the debt relief industry with misunderstandings of what this phrase actually means. It is not surprising that misinterpretations of the phrase exist considering the thousands of subpar articles that flood the market each year. Everyone attempts to be an expert at what debt relief is in order to market debt solution companies. It is only natural that you would want to find a website you can trust to provide you with the true meaning behind the phrase. For this reason the following will take a look at definitions for debt relief including the solutions it encompasses.

According to Wikipedia it is a total or partial forgiveness of money owed (debt). It can also be the stopping or slowing of increased debt which is owed by nations, corporations, or individuals.

Investopedia states it is total or partial remission of said debts which are owed by countries, individuals, or companies.

The Cambridge dictionary states it is needed in a situation when a government or bank does not require a company, country, or person to pay back the monies owed. By definition, it means debt relief offers a forgiveness of those debts by the creditor to the debtor.

How Does Debt Relief Work?

Whether you read articles in newspapers, magazines or on the internet, I am sure you have read international studies, negative and positive comments about debt relief. Also, infographic, advertising banners which show what you can become debt-free. Some will say that it is a miracle while someone else will say it's a disaster! I can understand why you might be a little apprehensive toward these companies. Should you believe the positive comments or should you believe the negative ones?

The truth is somewhere in the middle of the pros and cons are the most accurate. What many of these sites do not tell you is that debt relief options might not be work for everyone. Someone with a negative comment might not be giving you the full story on why is this processed did not work for those. Also, scammers are targeting borrowers with schemes that can actually make things worse.

However, there are many way’s debt relief can happen. You have options, which is often where misunderstandings come into play. Debt consolidation, settlement,counseling, and negotiation are different methods for debt relief. Each one of these reliefs options is in some way beneficial when you have debts; however, not all will be the right solution for your situation. This website wants you to understand the differences of these solutions, as well as to find a company that best fits your needs.

Debt Relief Solutions Defined

Debt consolidation uses negotiation to lower the debts owed to a more manageable sum. There are times when negotiation does not lower the debts at all though. If the debts cannot be lowered, then the debt relief is seen by combining all of your debts into one loan with one interest rate. It saves you from making multiple payments and paying out on large interest rates. You may see an interest rate of 20%, yet if you pay 15%, 30%, 25% and 18% on 4 different debts you are obviously paying more interests each month. This option tends to lower your monthly payment, although it is not a given.

Debt negotiation is also used with debt settlement. Settlement aims to lower your owed amount to one lump sum to creditors. In this way, you pay a lump sum to your creditors and the rest of your debts are forgiven. You no longer owe money and this solution ends the troubles you have faced. It is a quick solution that requires you to have savings on hand to negotiate with.

Lastly you have credit counseling as a solution. Credit counseling is usually used in conjunction with debt settlement and consolidation to help prevent you from entering into debt in future once you are debt free. It can help you get your finances under control in an effort to make your debt problems seem more manageable. You can combine it with credit repair option if you want.

About My Site:

The main purpose of this website is to provide you with reviews, which I have crafted based on extensive knowledge of each company. I work with these companies, vet them, and only provide reviews that I can stand behind. While I am paid for this work, I only work with companies I can trust.

It is not a business landing page, I am not here to try to sell you on debt relief that is your choice, and no one else. I have 22 companies that I have extensively reviewed and researched. I will not review a company unless they can pass my tough screening process. Unless I personally would use one of these companies, I will not recommend them.

I am here to help you learn how to get out of debt, find a debt solution that matches your particular problem and make it an easier process for you. The companies I am recommending and reviewing must win your trust. I do want you to understand that I am paid for my reviews, allowing viewers, like yourself, to have access to the information, free of charge.

I am paid in different ways from up front to other incentives, however, I do not take companies that I do not believe add up to my expectations. I receive thousands of emails daily from debt help companies, but only a few select ones get reviewed by me. My reputation is on the line and I need the trust of my readers that I am honest.

How I Review & Choose Debt Relief Companies:

My vetting process for companies is rigid. I look closely at specific parameters including accreditation, their history and the level of experience from their employees. Your trust in me is extremely important but more so, that you will find a company that will help you with your particular needs.

You may think that all the debt help companies go after profits alone, but you got it all wrong. There are quite a few companies that are known as non-profit that are so eager to assist you in becoming debt-free with totally no charge with their generous service. You must also go beyond your quest in looking for a dependable debt counseling company before you make a decision to which company you can depend on your financial freedom with. In ensuring that you are in good hands, you must look into several things in doing a company research.

You should authenticate the company’s name as well as its credibility so you can be totally secured when you choose to get their service. You may also want to check if there’s filed complaints against the company and if you find anything against the company might as well find another company and do the same thing.

You must be aware of the service fees beforehand so there won’t be any misunderstanding in the long run. You must bear in mind that only non-profit companies can charge you with totally nothing, otherwise, you can expect to be billed for the debt management or credit counseling service that the company does for your own benefit.

You need to be certain that your personal information will be kept confidential and secured. This should be the foremost consideration that you must ask the company before getting their service. You should be assured that everything will be between you and the company before you can entrust your debt issues with anyone.

Who is the Best Debt Relief Company?

National Debt Relief Reviews

National Debt Relief National Debt Relief is my number one pick for your debt relief options. This company was founded in 2006, and they provide debt relief loans and debt help for individuals and small businesses. As of 2008, they have been offering their debt services throughout the entire USA. This company is a member of TASC and in good standing. They are one of the oldest and largest debt management companies anywhere and have the highest rating by the consumer watchdog.

One of this company features is they start off with your entire debt. They will work with your creditors to try to come up with a lower payment method, then structure a loan around the balance. This process will help relieve financial pressures from you. They do not start with portions of your debts with one creditor, negotiation or consolidation at a time. Should you ever have any questions or concerns, you will be able to speak with your credit counselor, negotiator or their knowledgeable team members.

This company also works with the Better Business Bureau (BBB). And, I suggest before signing with any consolidation company like Guardian Debt Relief or Freedom Debt Relief, ask if they follow this procedure as well. This company will also save you money in the long run. Their negotiators have spent a great deal of time building up contacts for established credit card debt consolidation programs. They settle accounts all at once vs one at a time. If you owe out $250,000, they will settle the entire amount all at once instead of $10,000 here, $10,000 there. You stand a much better chance of a good negotiation this way, instead of breaking it down. As this company is a commissioned-based debt management company, it is in their best interest to find the best savings plan for you.

You Will Always Have Support:

You will personally speak with a debt help negotiator whenever you have any questions about your accounts and what they are working on. They will also work closely with the Commercial Debt Counseling division in order to negotiate with your creditors. You have free access to this company testimonials from others who have sought debt help from them.

You will also receive a session. Ask any questions you have and discover debt help from knowledgeable, caring people. In 2019, this company provided a 15% discount along with a free evaluation. The discount is not always available, but it something you should look for.

In Conclusion:

This company offers top-notch savings, honest, knowledgeable employees and a five-star reputation. This company providing a quick and easy solution for your debt problems. This is my Number One Pick.

Click Here to Get a Free Consultation from National Debt Relief

CuraDebt Company Reviews

CuraDebt CuraDebt is my second choice debt relief company and I highly recommend.

About CuraDebt:

They are very honest, fair and very responsive in helping you with your debt problems. Understand, that if you continue with huge credit debts and only make minimum payments, avoid late payments and do not add to your debt, it could take you 38 years to pay off your debt! Not only would that be almost impossible to get through but would be extremely difficult for anyone.

CuraDebt works with you to ensure you can find debt help quickly from a very trustworthy company. The company will also provide with the Business Debt Counseling and IRS Tax Relief. This company has been around for the last nineteen years, providing many families with excellent solutions to their money problems. You will work closely with knowledgeable staff members that help you find the best solution to fit your needs. Whether you will need negotiations, settlements or another form of relief, they will guide you to the best solution for you.

The staff members at CuraDebt care a great deal about their clients and their specific needs for debt consolidation, and tax debt relief. They want to be sure they are providing you the perfect fit for your debt help, which is why they are my Second Choice.

Click Here to Get a Free Quote from CuraDebt

American Debt Enders Review - The Freedom Of Debt Relief

About American Debt Enders:

American Debt Enders American Debt Enders is my third choice for your debt problems. They provide numerous information and facts regarding debt relief solutions online. They also offer a lot of testimonials from actual clients they have worked with to relieve their debts.

Since the founding of American Debt Enders, they have become one of the largest debt relief companies anywhere. They have, since then, resolved over Four A Billion Dollars of consumer debt which is an astonishing record. They accredited with the IAPDA (International Association of Professional Debt Arbitrators) and AFCC (American Fair Credit Council).

What You Can Expect:

You will receive a free consultation with knowledgeable financial counselors who truly understand all possible debt relief options. Also, if debt consolidation is not in the best interest of their client, they will contact them, offering other options including personal loans and bankruptcy. These people are credit counselors and looking out for what best for you.

American Debt Enders will never charge you one thin dime until a debt has been resolved, which is not necessarily true with some other companies. Adding to that, you, as a client, will have full control over your accounts. This is a big difference from other companies that expect sole control over your accounts, making it very difficult for you to visibly see your programs progression.

Once you are a client with American Debt Enders, you will have customer service support via telephone, email, chat and an online client dashboard to view the status of your account at any time.

This company have proven over and over to get the best results for their clientele. They have remained, and always will, transparent with their clients, so you always know what going on. American Debt Enders is ranked as one of the finest debt relief companies throughout the country. American Debt Enders is my Number Three Choice.

Click Here to Get a Free Consultation from American Debt Enders

How to Pay Credit Card Debt Quickly

How to Pay Credit Card Debt QuicklyHaving trouble paying your credit card? Learn what actions you should take to quickly eliminate your debt.

If you have credit card debt, and it is a small debt, with a stable income, there is no problem, because you can cancel it on the day of payment.

But what happens if you do not control your purchases? Gradually, the debt on the card accumulates, until the moment, when your salary is no longer enough to cover the entire limit, and you get notice from creditors.

And that is when you fall into a spiral of debts — you take payday loans, you pay all or part of your debt, but the next day, you lack money, and again you use the limit on your card ... You can even prayer for debt relief, but as a result, you can never get out of this circle.

But there is something you can do to eliminate debt on your credit card.

Debt on credit card is a dangerous habit, because it can quickly get out of control and put you in financial trouble.

What to do to pay fast, a credit card debt? And how to make sure you don't fall back on them?

What to Do to Get Rid of Credit Card Debt

Get Rid of Credit Card DebtYou need to change your habits of spending money.

Imagine that right now someone gives you enough money to pay all your debt. You think, Wow, that's great, and once you have your debt canceled and with a new limit on the card, you fall back into shopping.

It is exactly what I mean when I say that borrowing from the card is a dangerous habit! If you do not change your spending habits, even if you manage to pay the debt, you will quickly create new debts. That is why it is so important to work first in your mind, and in your habits.

We are going through the action plan to end the debts on your credit card:


Calculate your total debt

Take all your cards, and check the balance on each of them. Write these 3 things:

1. Card name.

2. How much you need to pay (i.e. the total amount of the card debt).

3. Annual interest rate.

Then add everything, to know your total debt on all cards. Once when you're done with this, it's time for the second step.

Make a Budget

Make a BudgetOn the one hand write all your sources of income and their amount. For example salary, income of your business, online activity, product sales, etc. Then add everything to get your total income. This is the money that reaches your pocket.

If you do not have a stable income because you are an entrepreneur, a freelancer, or you work on commissions, then write the minimum you are earning each month, or add what you have earned in the last 6 months, then divide it by 6 and record the result As average salary.

On the other side write your fixed expenses of the month: rent, energy, gas, telephone, etc. and also your variable expenses: food, hygiene, fun, etc. Then add them all, to know your average amount of the month's expenses. This is the money that comes out of your pocket.

Now compare the amount of your income with the amount of your expenses. If your income is higher than your expenses, this remainder is the amount you can currently dedicate for the payment of your debt. If the expenses exceed the income, it is a signal that you need to make big changes.

In any case, you have two things to do to pay your credit card debt faster.

Start by cutting expenses

Analyze the list of expenses you have made before, and find out where you are spending too much. They can be shopping, visits to the restaurant, television cable, new clothes, etc. This is a difficult time because you need to decide which of these expenses you are going to reduce or cut.

You are in this place because you have spent more than your income allows. If you want to get out of your debts, you have to cut all unnecessary expenses. If you don't change anything, then don't expect your debt to disappear. Repeating the mantra, I have no debts are not enough.

Examples of cutting expenses

Instead of going out with your friends to the restaurant, invite them to your house, prepare your own food, which is not, only cheaper, but also healthier. Instead of going to the movies, rent a movie and watch it at home. These are simple things, but these changes have a big impact on your pocket.

Remember, this is only a temporary situation. For a few months cut any expenses you can, and once when you finish with the debt, you will be free to spend your money on whatever you want.

But there is a great advantage in these changes. You will probably feel good about some of them, and these good habits can stay with you, also after paying your debt.

Example of paying the debt

Paying the DebtLet's go for an example: Imagine that you earn 500 dollars and cover your needs (ie expenses of food, house, transport etc.) it costs you 400 dollars, then you have 100 dollars to manage. Now, you have two options:

You can pay the minimum on your cards. Suppose it's 70 dollars, and use the rest to buy you something, go to the beauty salon for example.

You can put the 100 dollars for the payment of your debt. Enter more money dedicate to pay your card, faster you will be debt free, and therefore dedicate all the money possible to the payment of your card. This is your goal.

Now, what to do if you already cut your expenses to the bone, you don't buy beautiful things and you still lack the money. In this case, you must work for extra money.

Increase revenue

Increasing income is recommended for everyone, and especially if you are in debt and want to pay fast.

Look at the list of your income that you have prepared. Analyze if in your case, it will be easier for you to increase your current income, for example your salary, take overtime at work, etc., or it is better to create a new source of income. It doesn't matter if it's only an hour or even a few minutes a day, if you have free time, dedicate it to generate more money.

Then use all this extra money to pay your card.

I know it's a lot: cut expenses, and sacrifice your free time to earn more money. Do you really need to sacrifice so much to pay off your debt?

You don't need, it's your decision, and you can do what you want. If you want to continue with your debts, do not change anything in your life. But if you want to leave debts on your credit card, once and for all, and also do it quickly, then take action right now.

This is not the end yet.

Do you want to make sure that you will succeed in paying off your debt?

Follow these tips

Do not use your credit card while paying the debt. If you continue using the card, you will never be free. Leave the card at home, or if it is too tempting for you, take the scissors and cut it. That's right, cut your favorite credit card.

For your card payments, dedicate 90% of all the money you can save, and the extra money you can make. That is, if after covering your monthly expenses, you have 100 dollars left, dedicate 90 dollars in payment of your debt and only 10 dollars to buy something you like.

Do not wait for the end of the month, make the payment once when you have the money. This way you will avoid temptations spend money on something else. If you get paid by bank account, set up automatic transfer for the payment of your debt.

If you are not currently able to pay more than the minimum payment, then cut expenses and increase your income, to make it possible. If you pay only the minimum, it will take you years to get out of debt.

In what order to pay your cards?

If you have more than one credit card, first check where there is the greatest interest. The card with the greatest interest is the first one you want to pay.

For example, if you have 3 cards, two have 8% interest and 10%, pay the minimum on the first two cards and dedicate all the extra money to pay this card with 10% interest.

But beware, this is a method for organized people, and with a strong mentality, since you may not see effects instantly. If you have a problem with it, I recommend using the snowball method which indicates paying the smallest debt first.

Imagine how you will feel, when you will finally be free of any payment on your credit card. You can distribute all your income as you wish, because it is your money.

Make a plan, and soon you will celebrate this freedom and you will not receive mailer from debt relief scammers.

How to Get Out of Student Loan Debt

Get Out of Student Loan DebtThe best way to pay off student loan debt after finishing college is to maximize and increase productivity. Extensions, debt consolidation, the public service loan forgiveness program (PSLF) or income-based payment plans are all patches that do not truly solve the problem. According to current legislation, the only guaranteed way to get out of a student loan debt is to pay it. Therefore, the ideal is to focus on increasing revenues that can only be achieved by increasing productivity. Use every extra dollar that comes into your hands pay off the debt.

It is like that. I can assure you that this is the quick answer that works 100% of the time. It is the solution for student loan debt financed with both public and private funds.

Government Debt Relief Programs


Government Debt Relief ProgramsAny person with student loans guaranteed by the federal government, whether these are direct loans or those known as Guarantee Student Stafford Loan, have the right to postpone their payment by requesting a deferment agreement. This is established by the Federal Law on Higher Education.

It is a period during which it is not mandatory to pay a loan due. During this period, interest does NOT accrue, unless it is an unsubsidized Stafford loan. If it is, one of these loans, you must pay the interest accrued. To qualify for the deferment of payment, the person who has the loan must meet some conditions. When a loan is deferred and is not one without subsidy, the federal government pays the interest.


The most common type of loan that is modified is mortgages. If your home is worth less than the remaining balance of your mortgage, the modification matches the principal of the debt with the value of the property. Modifications were common after the mortgage crisis in 2008. However, as of January 1, 2017, the Affordable Housing Modification Program, subsidized by the federal government, ended. That means the modifications are much less common now.

Reimbursement or Repayment Plans

If you have federal student loans and can show that you have financial difficulties, you can limit your monthly payments to a percentage of your discretionary income through an income-defined payment plan. These plans can keep your monthly payments low while you make the 120 qualified and necessary payments.

Only ’’Federal Direct Loan’’ loans are eligible for income-defined payment plan. However, if you have other federal loans that originated under the Federal Family Educational Loans Act or under the Perkins loan program, you could consolidate these loans into a new loan — consolidation of the ’’Direct Loan Program’’.

Many solutions to pay off credit card debt can also be used to pay other types of debt. This is particularly true with a debt relief programs. Also, to get out of debt, geography plays a role. Where you live that matters.

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