Debt Settlement and Relief Options

Debt Settlement and Relief Options

Overview

Credilife helps individuals handle unsecured debt like credit cards, medical bills, and personal loans. We offer reliable solutions through carefully selected third-party providers who specialize in debt relief.

These solutions are flexible, affordable, and protect your credit when used correctly. We work with our partners to ensure you are treated fairly, know your rights, and can move toward financial stability.

We offer three types of help:

  • Debt Settlement Providers for those behind or about to fall behind on debts of $10,000 or more

  • Non-Profit Credit Counseling Agencies for those wanting to stay current on payments

  • Do-It-Yourself Settlement and Lawsuit Tools for those who prefer managing their own process

We can assist individuals and business owners in almost every U.S. state except West Virginia.

What We Offer

  • Negotiation Support: Our partners work with creditors or collectors to reduce your debt.

  • Tailored Settlement Plans: Whether it’s a lawsuit or overdue account, there’s a solution.

  • No Upfront Fees: In most cases, payment is only due after a settlement is reached.

  • Legal Tools: Help is available for replying to lawsuits or negotiating during legal action.

  • Credit Counseling: Stay current on payments with one low monthly payment.

  • DIY Options: Manage the process independently with affordable support tools.

Types of Debt Help Available

1. Full-Service Debt Settlement

Ideal for those who:

  • Are behind or close to default on unsecured debt

  • Owe at least $10,000

  • Want to avoid bankruptcy

Steps:

  1. Review your accounts and create a plan

  2. Save money in a dedicated account

  3. Partners negotiate for lower payoffs

  4. Pay reduced amounts from your saved funds

  5. Accounts are marked “Settled”

Considerations:

  • Your credit score may drop as accounts fall behind

  • Collectors may still call during the process

  • Forgiven debt might be taxable

  • Fees apply, typically lower than industry standards

2. Non-Profit Credit Counseling

Great for those who:

  • Want to avoid falling behind

  • Have steady income

  • Need help with budgeting and interest reduction

Steps:

  1. Get a free financial review

  2. Combine debts into one payment

  3. Lower interest and fees are requested from creditors

  4. Continue with monthly support

  5. Credit is usually maintained or improved

Fees:

  • Around $40 to start

  • Around $30/month, varies by state

  • Free debt analysis included

3. DIY Settlement Platform

Best for those who:

  • Want control and privacy

  • Have smaller debts or active lawsuits

  • Prefer a secure online tool

Benefits:

  • No minimum debt required

  • Works for lawsuits and collections

  • All communication happens online

  • No escrow account needed

  • Low, capped fees (14% avg., max 19%)

  • Typical settlement: 82% of total debt

Steps:

  1. Reply to lawsuit or notice

  2. Submit offer using the tool

  3. If accepted, pay securely and stop communication

4. Lawsuit Response Tool

Helps you:

  • Reply to lawsuits

  • Settle legal disputes

  • Keep cases out of court

  • Respond to collection letters

Best for:

  • Anyone sued for debt

  • People needing fast, affordable legal help

How to Assist Callers

If someone says they are dealing with large debts, collections, or lawsuits, let them know help is available.

Say this:

“Thanks for sharing that. We do work with trusted professionals who help people in similar situations settle debt. I’ll make sure someone from our team reaches out to walk you through the options.”

Then collect their name, email, and issue so the right expert can follow up.