IndianaDebtRelief.org
Indiana's Trusted Name In Debt Relief
Free estimate by phone 1-866-584-0769
People with multiple credit card debts may be surprised to see how much money they can save with a monthly debt relief program.
— IndianaDebtRelief.org
McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams
Privacy Verified
Security Seal
Which debt relief program saves you the most each month?
Find out today which debt relief programs you qualify for and how much money you could be saving each month!
  • $125,000 debt relief savings estimate 4 minutes ago in Opelousas, LA
  • $40,000 debt relief savings estimate 11 minutes ago in Woodland, CA
  • $35,000 debt relief savings estimate 13 minutes ago in Bronx, NY
  • $32,500 debt relief savings estimate 17 minutes ago in Ashland, KY
  • $32,500 debt relief savings estimate 18 minutes ago in Tulsa, OK
  • $35,000 debt relief savings estimate 20 minutes ago in Superior, WI
  • $35,000 debt relief savings estimate 22 minutes ago in Cincinnati, OH
  • $45,000 debt relief savings estimate 23 minutes ago in Monson, MA
BBB Accredited
Powered by Envoy
Indiana Debt Relief – How It Works
Indiana Debt Relief – How It Works
Over the years one of the most common questions we get from people who come to our site is "How does it work?"
This video explains how the free debt relief savings estimate works, how debt relief programs work and if there is any cost.

Debt Management - Indiana

Are you overburdened with high-interest credit card debts and looking for a proven way to get relief - perhaps through a plan known as debt management? If so, you are certainly not alone. In Indiana as well as in other states, many consumers are also experiencing their own debt crisis and are looking for a proven way to reduce their credit card debts and other personal unsecured debts (like medical bills, gas charges, or even department store charges).

Fortunately, for many consumers, there is help available in the form of debt management (or debt consolidation), debt settlement, or even bankruptcy. Debt management typically involves combining, or "consolidating," your debts into one, more affordable, and more manageable payment made to a credit counseling agency.

On the other hand, debt settlement is a process where you are hoping to settle or negotiate with creditors for substantially less than the actual debt amount. Both debt relief options have become popular alternatives to bankruptcy, which has a more damaging and longer lasting effect on personal credit.

Compare your debt relief options. Request a free debt relief analysis and savings estimate - at no obligation to you.

The Debt Management Option

As mentioned earlier, the goal of a debt management plan, or DMP, is to combine or "consolidate" your unsecured debts into one, more structured, and more affordable monthly payment made to a credit counseling agency to distribute to individual creditors. Here's a typical debt management plan scenario:

A credit counselor will review your financial situation, debts, and overall ability to pay back those debts. Then, your credit counselor would typically create a strategy to help reduce those debts. He or she would submit proposals, on your behalf, to creditors requesting lower interest rates, elimination of late fees or other penalties. Creditors that agree to the proposals are normally placed into the debt management program or plan.

With a more structured and more affordable repayment plan in place, you can, hopefully, pay your debts sooner than if you continued to make the monthly payments on your credit cards at higher interest rates. However, it's important to understand that while relief via debt management can help many consumers reduce their debts, it does not make debts magically disappear.

Credit counseling agencies, in general, submit proposals to creditors and disburse those funds to creditors, but it is still YOUR responsibility to make sure that money is available in the account set up for your monthly payment.

The Debt Settlement Alternative

For many consumers, debt settlement is another viable debt relief option. Unlike debt management where you are typically paying off the entire amount of your credit card debts, with debt settlement, you are hoping to settle or negotiate with creditors for significantly less than what you owe. However, there are potential risks involved with debt settlement.

As the term "debt settlement" implies, it involves negotiation - credit card companies are certainly not legally required to settle with you. Also, debt settlement firms typically counsel or advise consumers to stop making their credit card payments in order to accumulate funds, over a certain period of time that they can use to make a reasonable settlement offer.

In many cases, creditors may threaten to sue consumers that default on the terms of their credit card agreements. In addition, many consumers who default on the terms of their credit card agreements will typically see a decline in their credit scores.

Yet, in spite of the potential risks involved, debt settlement remains a popular debt relief alternative to bankruptcy - which, for many consumers, is typically the option of last resort and one that has a more negative and longer lasting impact to one's personal credit.

The bottom line is; if you are overwhelmed with debts and are seeking relief, there is help available - whether it's in the form of a debt management plan (or consolidation), or debt settlement.

Start here to request a free debt relief analysis and savings estimate - at no obligation to you.