Wise Choice Finance

How long does the debt resolution process take?

The debt resolution process typically takes between 24-48 months, depending on your total debt amount, your ability to save funds for settlement, and your creditors' willingness to negotiate. Our team works diligently to expedite the process while ensuring the best possible outcomes for your financial situation.

Will debt resolution affect my credit score?

Yes, debt resolution may initially impact your credit score negatively. However, for most clients, this is a temporary effect. As you complete the program and settle your debts, you can begin rebuilding your credit. Many of our clients find that the long-term benefits of becoming debt-free outweigh the short-term credit impact.

How much does your service cost?

Our fee structure is based on a percentage of the enrolled debt, typically ranging from 15-25% depending on your specific situation and the state you reside in. We offer a free consultation to assess your needs and provide a detailed quote with no hidden fees. We only collect fees after we've successfully negotiated and settled your debts.

Can you help with all types of debt?

We specialize in unsecured debts such as credit cards, medical bills, personal loans, and certain types of private student loans. We generally don't work with secured debts like mortgages or auto loans, or with certain types of debt such as federal student loans, tax debts, or utility bills. During your free consultation, we'll review your specific debts and determine how we can best assist you.

What's the difference between debt resolution and bankruptcy?

Debt resolution involves negotiating with creditors to settle your debts for less than what you owe, typically allowing you to become debt-free in 2-4 years. Bankruptcy is a legal process that can eliminate or restructure debts but has severe, long-lasting consequences for your credit.