What is Bad Debt?

It could be debt that you owe to a person or business and are unable to continue payments. In some cases, it can result from a personal loan to credit card, student loans, medical bills, home repairs, judgments and liens.

Who has Bad Debt?

It has been estimated that over half of adult population in the United States have some form of bad debt. The average person needing some type of assistance has almost a dozen credit cards with about $70,000 in outstanding debt.

How does a person get Bad Debt?

A job loss, divorce, sudden death, loss of income, illness and other factors can cause a person to miss payments. Interest on the principal accrues.

Can a person remove Bad Debt?

It depends. Bad Debt cannot be ignored. It cannot magically disappear. If the debt is owed, a settlement could reduce the debt, but not remove it. To do so, would require legal counsel.

How can we help?

We negotiate with creditors to reduce outstanding debt.

How much do we charge?

Our fee is based on a retainer + a percentage of the amount that we save a client. If we are unable to negotiate the debt by 40% to 80%, we refund our retainer fee. 

How to get started?

If you have credit card debt, complete our credit card debt application.

If you have a judgment or lien, complete our judgment and lien application.