We understand that not all debt situations are created equal. Because of this, we have developed a flexible program to give our customers some options in getting help with debt. Before we get into the details of our core programs, we need to say a few words about types of debt.

Debts typically fall into two categories: secured and unsecured. Secured debt is any type of debt that is tied to some asset or piece of physical collateral, such as a bank account, a car, a boat or a house. Unsecured debt includes credit cards, personal loans, or any other debt that isn't borrowed against any type of asset.

Our services are geared more towards unsecured debts. These types of debts are easier for us to consolidate, and if need be, it's much easier to settle with creditors that don't have anything to seize. We also have a harder time working with tax debt, student loans, and other such debts where it's typically impossible to negotiate a lower payoff or interest rate.

You can add these debts to a consolidation plan with unsecured debts, but it's more for convenience and doesn't affect the payment amounts and interest rates for these debts.

At the core, we have two programs: debt consolidation and debt settlement. The main difference in the two is how the payments are handled.

With debt consolidation, you pay the consolidation service a single bill, which gets divided up and paid to your creditors. This helps you pay your bills on time every month, and typically lowers your interest rates. Consolidation is the best choice for individuals with many creditors or high interest.

Settlement, on the other hand, requires you to stop paying your creditors and instead pay the money to a special account. The settlement service negotiates a lower payoff amount with your creditors, and when you pay enough to the account to satisfy your debts, they get automatically paid off. Settlement is best for those with high levels of debt.

Each program had its benefits and drawbacks, so continue on to learn more.