Our mission at Elite Debt Services is to help others with their debt. To do that we provide financial advice and education which often helps reduce debt for those struggling financially.
- Business Debt Relief
- Personal Debt Relief
- Credit Card Debt Relief
- Auto Loan Debt Relief
- Eliminate Your Debt
- See If This Is Right For You
Get a Free Savings Estimate
Learn what you may save
We we will contact you within 24 hours
Debt Relief Programs &Services
We Can Consolidate your debt into one simple monthly payment without a loan, and help you gain financial stability with our Debt Relief Program.
-
Reduce your monthly payments up to 50%
-
Reduce interest rates up to 75%
-
Pay your debt off sooner
-
Stop late and over-limit fees
-
Stop collections calls
Business Debt Relief
Negotiate, restructure, consolidate, and manage business debt.
Credit Card Debt
A credit card functions as a personal loan to the consumer that is best paid off in full at the end of each billing cycle.
Debt Management
Debt management is a structured program designed to negotiate lower interest rates and payments with your creditors.
Get Started
See if you qualify for debt relief. Get A Free Savings Estimate to see how quickly you can be debt free.
Credit and Loan Plans
Regardless of the type of loan you may be pursuing, make certain to fully understand the terms and conditions for repayment.
Medical Debt
Medical debt can be difficult to deal with, as an individual burdened by a large amount of medical debt didn’t become afflicted out of choice.
Bankruptcy
Bankruptcy is a legal procedure that allows individuals, businesses, and other organizations to discharge debts when they can no longer afford to pay them.
Free Calculator
Our business debt calculator calculates how much extra cash flow you will have with our business debt relief program, assuming you are setting aside funds for the settlement instead of continuing to make the same payments.
What We Do
We help people across the U.S. by matching them with personalized financial relief options that work. We’ve helped thousands of clients find financial peace of mind.
Tell Us About Your Financial Situation
Call us or fill out our online form for a free, no-obligation consultation.
Match With a Debt Consolidation Option
Our products can be modified to best fit your monthly budget.
Start Saving Money
We provide options that can help lower your monthly payments and reduce your financial burden.
Your Success is Our #1 Priority
Our fees are 100% success-based – we don’t get paid until we have helped you achieve a solution for your debt.
Pay off your credit card debt
- Receive A Free Savings Estimate Today
- See How Quickly You Can Be Debt Free
- No Fees Until Your Accounts Are Settled
Debt Relief FAQ
Does Debt Relief Affect Your Credit?
Debt relief can affect your credit differently depending on the type of debt relief you choose to participate in. For example, contacting a credit counseling agency or participating in a debt relief program (as discussed above) will have little to no effect on your credit score, while participating in a debt settlement program or filing bankruptcy can have major negative effects on your credit score.
Is it good to do a debt relief program?
The primary benefits of a debt relief program are having your debts rolled into one lower monthly payment instead of having multiple bills and creditors to deal with. Also, interest rates will typically be much lower than the various rates you were paying and a lower minimum to each creditor is offered.
A lower payment means you could potentially pay off your debt faster. Furthermore, consumers with severe credit card debt typically get a better interest rate from a debt relief program than they can with a debt consolidation loan.
How does a debt relief program work?
Debt relief programs are services that involve a formal plan to restructure and pay off your debt by combining multiple accounts (primarily credit cards) into one single monthly payment. This typically involves a nonprofit company who manages the plan using predetermined benefits with your creditors.
These benefits include things such as waived penalties and fees and/or a lower interest rate. You will then make a single monthly payment to the nonprofit company, who will distribute the funds to your original lender(s).
How much do debt relief programs cost?
Common debt relief program charges work out to 15% to 25% of the total debts enrolled in a program. This means that, if you sign up for a debt settlement program with $10,000 in credit card debt, you may end up paying $1,500 to $2,500 to get it resolved.
At Debt Reduction Services we charge a monthly fee based on the sum of a flat fee per creditor for every creditor enrolled, or 15% of the total of payments to creditors per month, whichever is less. This monthly fee never exceeds $75.
How long does debt relief stay on your credit report?
The amount of time that debt relief stays on your credit report will depend on the type of debt relief you participate in. For example, talking to a credit counselor or participating in a debt relief program typically will not appear on your credit report at all.
But debt relief options like debt settlement will remain on your credit report for seven years. If you declare bankruptcy, it will remain on your credit report for ten years.
How long does it take to get out of debt using a debt relief program?
Debt relief programs are usually designed so that you repay all your debt and can be debt free within 3-5 years.
