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If you have missed payments to your creditors, debt settlement programs might harm your credit score. Since we are not a credit repair service, we don’t offer advice on how to improve your credit.
At Mint Debt Relief, we only charge if we deliver results. For us to earn a fee, three things must happen: first, we need a settlement offer from your creditor; second, you must approve the settlement; and third, at least one payment must be made to the creditor. Only then will we charge a fee to your Dedicated Account. After debts are settled, the average client pays a fee of up to 25% of the total enrolled debt. Until these three steps are completed, there is no fee for our services.
Debt settlement lowers your balance. Your debt is reduced through negotiation, allowing you to pay less than what you owe. The creditor clears the remaining amount in a process known as settlement. Debt consolidation merges all your debts into one loan with a single monthly payment, usually at a lower interest rate. This often needs a better credit score to qualify.
A helpful debt expert will explain your options and the pros and cons of each, so you can choose what’s best for you.
How fast you can save for settlement offers affects your debt situation. The quicker you save, the sooner you get out of debt. Our program usually takes 24-48 months. In contrast, if you only make the minimum payments on your credit cards, you might be in debt for 10-20 years and pay back 2x, 3x, or even 4x more than you originally owed.
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