Creditor Offers is designed to open a dialogue between you and your creditors. In general, your creditors want to help you get back on your feet and are willing to offer many types of concessions like refunding fees or lowering balances. Creditor Offers makes it quick and easy to find...
How does Creditor Offers work?
It's quite simple. We contact your creditors on your behalf. Present your situation to them and get you obligation-free offers. We contact two creditors at a time in any order you'd like. We typically suggest starting with your largest balances or most delinquent accounts.
What types of offers will I get?
This really depends on the individual creditor, type of debt, and stage of delinquency. For example, if your account is in good standing (i.e. you've been making on-time payments), offers are generally fee refunds, lower interest rates, or payment deferments. If you are behind on payments, you'll likely be offered...
What are the fees?
There are no additional fees associated with Creditor Offers but we encourage and appreciate "tips" based on successful offers. Tips are an important part of our business model and help us keep the lights on and build amazing technology for you.
How much should I tip?
A normal tip equals about 15% of what we've saved you. If we save you $100, we'd love a tip of $15. Seems fair and reasonable, right? It also works out to be about 90% less than a traditional provider.
Is this a Debt Settlement Program?
This is not a "traditional" debt settlement program, but we can help you settle your debts for less than you owe by getting individual offers from your creditors.
How is this different from Debt Settlement?
Here are just a few key differences…1) we don't charge ridiculously high fees, 2) we start contacting creditors immediately, 3) we'll get more than just settlement offers, 4) we don't require a special bank account, 5) we don't have high-pressure salespeople, 6) we don't sell your personal information to other...
Is this a Debt Management Program?
This is not a "traditional" debt management program as offered by Credit Counseling Agencies, but we can help you lower your interest rates by getting individual offers from your creditors.
How is this different from Debt Management?
Here are just a few key differences…1) we'll get you offers that including settling for less than you owe, 2) we work with all types of creditors and account types, 3) we don't require you to close your accounts, 4) our offers are more flexible.
How do I make payments?
We will handle the payment for you, free of charge. There is no need for you to ever speak with your creditor. We also provide you with the necessary paperwork with payment instructions in case you prefer to set the payment up yourself.
Will I get calls from collectors?
This is a tricky question. We'll help you manage and reduce the stress associated with collection calls but we don't want to block them completely. Blocking communication from your creditors increased the probability that they will sue you and makes it harder to get great, money-saving offers.
Why does it take a few days to get an offer?
Your situation is unique and creditor's policies and offers are always changing. So in order to get you the best and most accurate offers, we need to contact each creditor individually.
Does Resolve provide ongoing support?
Our real-human experts will be at your fingertips each step of the way.
What is Resolve?
Resolve Innovations, Inc. is a financial technology company on a mission to help people struggling with debt. We're a Public Benefit Corporation which means doing the right thing for you is in our DNA.
What does Resolve do?
Resolve is a membership program that 1) gets offers from your creditors, 2) give access to a personal debt expert, 3) monitors your credit score and reports, and 4) creates an easy to use budget with daily alerts.
How does Resolve make money?
Resolve makes money in three ways...1) our members pay a monthly subscription fee, 2) our members give us "tips" based on successful creditor offers, and 3) some of our partners pay us for leads or referrals when Resolve is unable to provide the necessary service (like filing for bankruptcy).
How much does Resolve cost?
We believe in trust and fairness, so we allow our members to choose how much they pay us. On average, members pay about $17 per month. Offer "tips" average about 15% of what we saved.
Is my information secure?
It sure is. We use bank-level 2048-bit SSL encryption and our databases are all encrypted like the Department of Defense and NASA!