A debt relief program works to negotiate eligible balances while you build funds in a dedicated account. An advisor can explain how the process may apply to your situation.
Debt relief is generally designed for people with significant unsecured debt who are experiencing hardship, are behind or close to falling behind, and cannot qualify for an affordable consolidation loan.
Credit cards and personal loans
Medical bills and eligible collections
A documented financial hardship
02
Credit considerations
Debt settlement may negatively affect your credit, particularly when payments are missed or accounts become delinquent. Your advisor will explain what that may mean in your circumstances.
03
What the program costs
Fees typically range from 15% to 25% of enrolled debt. Programs generally run 24–48 months. Clients who complete all program payments resolve approximately 45% of enrolled debt on average before fees; individual results vary.
04
What happens next
You review a written plan, open a dedicated account under your control, make monthly deposits, and approve each settlement before funds are released.
