How to pick the best debt relief program and keep your credit score safe

Debt relief refers to a variety of options for lowering your monthly payments and eventually getting out of debt.

How do our debt relief programs work?

Once you contact us:

  • My assistant will take down the details of all your debts.
  • You will learn the best debt relief options for your current financial situation.
  • You will also learn to identify areas where you can save money and use it to pay back your creditors.
  • I will review your file and contact your creditors.
  • I will inform all of them that you can’t pay the full amount.
  • Most of the creditors, once they know I am representing you, will resolve your debt at very favorable terms.
  • I will have you work with my assistant to make payments to the creditor.
  • You will be debt-free in three to four months.

How can I give you debt relief?

I have helped people like you:

  • Lower interest on your debts
  • Pay less than the full amount on your debt
  • Eliminate late fees and fines
  • Avoid debt collection calls and lawsuits

Oak View Law Group has done everything it can to help me through the process and save me a lot of money. They are always there for you when you need them, and I cannot thank them enough for everything they've done for me.See More ...

Client - KD

Saved - $7645
client KD

What are the best debt relief options for paying bills?

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  • It helps you allocate funds for bill payments
  • It forces you to avoid making unnecessary expenses
  • It helps you make regular bill payments and avoid penalties


  • Inadequate fund allocation can create complications
  • The budget formulation is a time-consuming task
Most suitable for

People who want to get debt relief assistance by saving money wherever they can.


  • It helps you lower outstanding balance
  • It helps you avoid collection abuse
  • It helps you kick out debt fast


  • All creditors may not agree to settle debts
  • You need to save money in a trust account
Most suitable for

People who want to lower the payoff amount through debt settlement companies.


  • Give you a flexible payment plan
  • Allow you to make only one payment every month
  • Reduce stress and collection calls


  • You have to change your current financial habits
  • You have to set aside an amount every month to make payments
Most suitable for

People who want to attain financial freedom through an affordable repayment plan.


  • It gives you reduced interest rates
  • Reduces your financial worries
  • It makes your credit shine with time


  • You can only pay off unsecured debts
  • You have to follow a budget
Most suitable for

People who want to repay bills at reduced interest rates after a debt relief counseling session.


  • Reduces your total outstanding balance through court intervention
  • Collection calls stop automatically
  • Postpones foreclosure and judgment


  • It remains on your credit report history for 7-10 years
  • Your non-exempt assets will be liquidated in case of Chapter 7 bankruptcy
Most suitable for

People who want a court-monitored debt relief plan to pay back their creditors.


  • It helps you pay credit card bills fast
  • It helps to save money on late fees and fines


  • When you stop making payments, your credit score may drop
  • You may have to pay tax to the IRS.
Most suitable for

People who don’t have money to clear credit card debt fast.


  • It helps to replace multiple credit card bills with one
  • Reduces interest rates and monthly payments
  • Helps to improve credit score


  • Have to make monthly payments on time.
  • You can’t use credit cards included in the consolidation plan.
Most suitable for

People who can lead a frugal life and make fixed monthly payments to credit card companies.


  • It helps to reduce your payday loan debt
  • It helps to save money and avoid harassing collection calls


  • Have to pay payday loan settlement fees
  • Have to save money to make a lump sum payment
Most suitable for

People who are overwhelmed with payday loan debt and want to get rid of it.


  • It helps to get rid of high APRs
  • It gives you a single and affordable monthly payment plan


  • Have to set aside money to make monthly payments
  • One missed payment may cancel your entire program
Most suitable for

People who want to get rid of payday loans with predictable monthly payments.


  • Get a fixed monthly repayment plan
  • Save money on your medical bills
  • Avoid collection calls


  • We need to stick to the consolidation plan throughout the repayment term
  • Have to lead a frugal lifestyle and follow a budget
Most suitable for

People who want to get rid of medical debt and lead a stress-free life.


  • Get rid of massive medical debt fast
  • Avoid collection calls and lawsuits
  • Avoid bankruptcy
  • Lead a stress-free life


  • Have to save a certain amount for settling medical bills
  • Have to pay fees for settling medical debts
Most suitable for

People who want to get rid of medical bills fast without filing bankruptcy.


When you’re overwhelmed with multiple high-interest bills because of excessive use of credit cards and loans, you need the help of debt relief services to lower your financial burden.

Here are a few other circumstances:

  • You don’t have money to pay back your creditors.
  • Your credit score is going down every month.
  • Your creditors are threatening to file a lawsuit.

When you need help with debt relief, you must choose the right program. Otherwise, your problem won’t be solved. Here are a few ways to do it:

  • Ask the debt relief company about the most important features of the program.
  • Find out if they have certified debt consultants.
  • Check if they are accredited by the Better Business Bureau.
  • If you are working with a debt settlement company, ask them if they will open an FDIC-insured bank savings account.
  • Irrespective of the program you choose, check if the debt settlement company, debt management company, or credit counseling agency follow all applicable laws.
  • Check out the top debt relief reviews online before deciding.

It depends on the program you’re choosing. If you opt for debt settlement, your credit score may drop slightly since you’re paying less than the full amount. But you can always rebuild your credit. Debt consolidation or management helps to improve your credit score gradually. Honestly speaking, it’s all about the utilization ratio.

If debt relief services help lower your overall utilization ratio (balance-to-limit ratio), your credit score will increase. Suppose your overall utilization ratio drops from 90% to 20% after settling or consolidating credit cards. In this case, your credit score will improve.

Just make sure you don’t close your credit card accounts, since that would negatively affect your utilization ratio. If you have a high utilization ratio on one card, you can counterbalance by having a low overall utilization rate.

You have to pay tax if the creditor forgives more than $600. Suppose you accrued a credit card debt of $20,000. Obviously, you didn’t pay any tax on that amount since that was not your income. You used the money for fulfilling your needs but didn’t pay back your creditor. Later, you enrolled in a debt settlement program to reduce the total amount you owed. If the creditor agrees to reduce your payoff amount to $11,000, you have to pay tax on it since the IRS will consider $9000 as your income.

You have to pay a success fee of 15% on the total enrolled debt after the debt has been paid off. A monthly consultancy fee of $50 for 30 minutes consultation with our savings consultant, tax attorney, and budgeting consultant will also be applied. We adjust this fee with the success fee after your debt is paid off.

Please note: The fee structure varies from company to company. OVLG charges a very nominal fee for managing your debts. Some fraudulent debt relief companies don’t follow the FTC rules and Consumer Financial Protection Bureau guidelines. They charge an advance fee without doing anything. Learn more about the OVLG fee structure.

  1. Are you accredited or certified?
  2. How do you plan to give me relief from credit card debt?
  3. How much do you charge for your debt relief consultation?
  4. When can I expect to be debt-free?
  5. Do you follow all the rules?
  6. Do you offer free budget counseling?
  7. How can I monitor the progress of my case?
  8. What happens if I leave the program midway?

The IRS has the power to garnish wages or seize assets when you don’t pay tax. So it’s better to get relief before it’s too late. Here are a few options you can take advantage of:

  1. Offer in Compromise
  2. Installment Agreement
  3. Bankruptcy
  4. IRS Forgiveness Program
  5. Innocent Spouse Relief

Like the IRS, the federal government has lots of repayment plans for distressed borrowers. Some of them are:

  1. Federal Student Loan Consolidation
  2. Permanent Disability Discharge
  3. Public Service Loan Forgiveness
  4. Income-Driven Repayment Plans
  5. Teacher Loan Forgiveness
  6. Perkins Loan Cancellation
  7. Death Discharge
  8. Closed School Discharge

You can join hardship programs - Usually, banks offer these programs when existing account holders fall behind their payments due to financial hardship like job loss or prolonged illness. These programs create a repayment plan according to the affordability of account holders. So it becomes easier for them to make payments.

Usually, it lasts for six months to 1 year. Sometimes it can last permanently until the balance is paid off.

You can take out a debt consolidation loan - Usually, banks, peer-to-peer lenders, and financial institutions offer this loan. Consumers can repay their debts with this new loan at a lower interest rate and start making payments on it. This helps to save money.

You can apply for a balance transfer credit card - Consumers can transfer the outstanding balance on a high-interest credit card to a balance transfer card which comes with 0% APR for the first 12 to 18 months. If they can pay off the balance within the introductory period, they would save the entire interest.

Several non-profit organizations can help with debt relief and discover various ways to save money without charging any fee. Some non-profit credit counseling organizations charge a nominal fee for offering solutions best suited to your financial situation.

Before working with a non-profit organization, check if they have the mandatory 501(c)(3) certificate. There are instances where fake non-profit companies have scammed consumers. Scammers open fake non-profit companies to lure consumers with the promise of ‘free debt relief services.’ Once consumers join the program and disclose their confidential financial information, scammers stop all communication. They use all the financial details for their own profit.

We have a team of debt relief attorneys with excellent negotiation skills.

They know all the debt relief laws and protect you against financial abuse.

We have a No Questions Asked Refund Policy

We charge affordable fees on success

You can track your case 24/7

Updated on:

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