What is the difference between a non-profit debt relief company or a for-profit debt relief company?

Non-profit debt relief is mostly known as credit and debt counseling.

These agents help people manage their debt, income, and expenses, these companies are free of charge.

However, they can be limited on what they can offer you beyond just advising you.

If you are struggling to pay down your debts, this may not be a bad place to start.

However, if you are in financial hardship and you’re barely above water or something might’ve happened financially in your life, then you may want to consider going with a for-profit debt relief company, so that way they can negotiate down your debts for less than what you owe.

For-profit debt relief companies do charge a small fee.

However, that may be a small price to pay in the long run for what they can do for you to settle down your debts.

If you decide to go with for-profit debt relief for debt settlement company, you can use their negotiators to negotiate down your debt on your behalf with your creditors, And if they’re doing it for you, that may help reduce some of that stress that you have if you were to do it on your own.

And if you would like more information about debt relief or debt settlement, visit us on our website at alleviatefinancial.com.

How Debt Relief and Debt Settlement Work?

Debt Relief and Debt Settlement is a negotiated agreement by which a creditor accepts less than the total amount owed to legally satisfy a debt.

Settlement programs typically last 24-48 months and are highly dependent on factors such as delinquency, creditor policies, the number of accounts, and the total dollar amount of the debt.

Debt settlement services have existed in some form since the advent of debt itself.

The modern industry has seen significant growth in the 21st century, largely due to the easing of lending requirements by financial institutions.

In addition, today’s borrowers are taking on significantly more debt than their parents had at a similar stage in life and are subsequently paying off that debt at a slower rate.


These large debt loads and slower payoffs, coupled with today’s high-interest rates, mean that without intervention many borrowers could be paying off these loans for decades.

While there are a multitude of interwoven causes for these trends, industry experts point to increased access to larger amounts of credit coupled with a reduction in the social stigma of being in debt.

Debt Settlement Calculator | Alleviate Financial

Schedule Your Free Debt Analysis

Potential clients speak with a certified debt specialist regarding their financial situation.

The debt specialist evaluates the caller’s financial situation and suggests the optimal debt relief strategy.

Clients choosing to enroll in our debt relief program are then guided through the enrollment process.

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Enroll into Our Debt Relief Program

Signed enrollment documents are processed and the new client receives a call from our team of dedicated account managers to welcome them to the program.

Account managers are available 24/7 and remain in active communication with clients throughout the program.

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Negotiations & Settlement

Our talented negotiations team begins working on client accounts immediately.

When settlement offers are received they are first reviewed for accuracy and then presented to clients for approval.

This process repeats until all client accounts have been settled.

Debts Resolved!

Your debts will be resolved in a few short years or even months so you can have a new beginning financially.