Step-by-Step Overview to Understanding Your Debt Relief Options through My Debt Navigator

Comparing Debt Dispute & Resolution, Debt Settlement, and Debt Consolidation:

Schedule a Consultation

• Book an appointment with a debt specialist to review your unique financial situation.
• Discuss your current debts, credit status, and financial goals.



Key Differences Between Debt Relief Optionsa. Debt Consolidation

• What It Is: Combines multiple debts into one larger loan.
• Benefits: Simplifies payments with one monthly bill, often at a lower interest rate.

Considerations:

• Lower interest rates might be temporary.
• Total debt cost may increase over time.

Debt Settlement

• What It Is: Negotiates with creditors to reduce the overall debt amount.
• Benefits: Pays off debts at a lower amount than originally owed.

Considerations:

• May negatively affect your credit for seven or more years.
• Impact depends on your current credit score.

Debt Dispute & Resolution

• What It Is: A legal approach that uses consumer protection laws to waive and remove debts from credit reports.

Benefits:

• Debts may be entirely removed.
• Clients are protected from creditor legal action through the law firm.
• Offers comprehensive legal coverage not available in other programs.

Determine the Best Solution

With guidance from your debt specialist, compare the options based on your:

• Debt type and amount
• Current credit status
• Long-term financial goals

Get Started with My Debt Navigator

• Begin the program tailored to your needs.
• Benefit from a legal approach that provides added protection and a path to financial freedom.
• Monitor your credit and financial progress as debts are addressed.