Personal loan debt

Personal loans that no longer fit your budget

A loan that made sense when you took it out can become hard to manage after a change in income or expenses.

Free consultation. No obligation to enroll.

Signs it may be time to look at options

Some lenders offer hardship programs or modified payment schedules. It's often worth asking first.

Combining loans into one payment may help if the new rate and term are actually better.

A counselor can help you build a realistic budget and review your options.

May be an option for some unsecured loans, with the risks described in our disclosures.

Your credit may be affected
Debt relief programs can have a negative effect on your credit, especially if accounts become delinquent during the program.
Creditors don't have to negotiate
Creditors are not required to participate or to accept a reduced amount. Some may not.
Collection activity may continue
Creditors and collectors may keep contacting you, and interest, late fees and penalties may continue to accrue.
Lawsuits are possible
A creditor may sue to collect a debt, which can lead to judgments, garnishment or other remedies allowed by law.
Results aren't guaranteed
Not every debt is resolved, and no specific savings, settlement or timeline can be promised.
Taxes may apply
Forgiven debt may be considered taxable income. Consult a tax professional about your situation.
Stopping payments has consequences
Stopping payments to creditors can lead to late fees, collections and credit damage. Understand this fully before deciding.

Start with a free conversation. We'll learn about your situation, answer your questions and help you understand what options may be available.

Free consultation • No obligation