Medical bills have a way of piling up right when your credit cards are already stretched thin. If you’re juggling both, you’ve probably wondered whether your debt is big enough to get real help, or too scattered across accounts to qualify for anything at all.<\/p>\n\n\n\n
The answer is simpler than you’d expect: you need at least $5,000 in eligible unsecured debts to enroll in our debt relief program, and that can be from one account or spread out across multiple. We work with all kinds of unsecured debt, including credit cards, medical bills, personal loans, some private student loans and other unsecured debts.<\/p>\n\n\n\n
We can help people with $5,000 or more in eligible unsecured debt. “Unsecured” means the debt is not backed by collateral: there’s no house, car, or other property a lender could take back if you stopped paying. Credit cards, personal loans, and medical bills all fall into this category.<\/p>\n\n\n\n
Eligibility is based on your total unsecured debt, not on any single balance. Add up all of your eligible balances, and if the total is $5,000 or more, you are eligible. Say you owe $3,200 in medical bills plus $2,400 spread across two credit cards. Add them up ($3,200 + $2,400) and you’re carrying $5,600 in unsecured debt, comfortably over the $5,000 bar, even though no single account gets close on its own.<\/p>\n\n\n\n
There’s no maximum, and we evaluate eligibility case by case. In practice, many people who enroll have $10,000 or more in eligible debts. Once enrolled, clients save an average of $608 a month compared to what they were paying before, and many cut their eligible monthly payments by 40% or more. Clients typically become debt-free in 24-48 months.<\/p>\n\n\n\n
The bigger your enrolled debt, the bigger your monthly savings tends to be. On average, clients with $10,000\u2013$15,000 in enrolled debt save around $223 a month; that climbs to roughly $486 a month for clients in the $25,000\u2013$35,000 range, and $994 a month for those between $50,000 and $75,000. Clients enrolling with $100,000 or more in unsecured debt save an average of over $2,200 a month. The program is built for small and large debt loads alike, but the more you’re carrying, the more room it can free up in your monthly budget.<\/p>\n\n\n\n
Before you tally your total debt, sort your accounts into two groups \u2014 secured and unsecured. Only the second group counts toward the $5,000 minimum.<\/p>\n\n\n\n
A mortgage or car loan in the mix doesn’t disqualify you. Those debts simply stay outside the program while we work on the ones that qualify.<\/p>\n\n\n\n\n\n