What to Expect From Guardian Debt Relief
At Guardian Litigation Group, their main focus is on debt negotiation. However, they go above and beyond by providing expert resources and tools to effectively manage your finances and prevent future debt. In this review, we will dive into their debt relief program. But first, let’s understand the concept of debt settlement and how it works.
Debt settlement is an agreement between you and your creditor, allowing you to pay a lump sum that is typically lower than the total amount you owe. This service is usually provided by third-party companies like Guardian Debt Relief. They handle negotiations with your creditors or debt collectors on your behalf. It’s important to note that debt settlement differs from debt consolidation, which involves obtaining a loan to settle your debt immediately and usually comes with an interest rate.
Check and Enroll
To enroll in Guardian’s debt relief program, you have two options: fill out a form or give them a call to request a financial assessment. A personal debt specialist will evaluate your situation to determine if you qualify for the program. The best part is that the assessment is free, and you only start paying once your debt is successfully reduced.
While the debt levels of Guardian’s clients may vary, a minimum of $7,500 of unsecured debt is required to qualify for their negotiation program.
Get Your Secured Account
Once you are enrolled, the next step is to create a personalized relief program that suits your needs without straining your budget. A debt specialist will work with you to design a monthly payment plan, and you will be assigned an account at Global Client Solutions. This bank, insured by the FDIC, acts as a mediator between you and your creditors.
Throughout the Guardian Debt Relief program, you have full control over your account and all the funds in it. Their user-friendly online dashboard allows you to conveniently track your progress in real-time. Timely payments are crucial for successfully completing the program.
Inform Creditors
Guardian initiates contact with your creditors as soon as your first payment is processed. They inform your creditors about their involvement in your debt relief journey. Thanks to their extensive network of creditors, the chances of being reported to credit bureaus are significantly reduced as long as you remain consistent with your monthly payments.
Reviews reveal that clients of Guardian Debt Relief experience a decrease in the number of phone calls they receive from creditors after enrolling in the program.
Back on Your Feet
Once enough money has been deposited into your trust account, Guardian’s debt specialists will start negotiations with your creditors to achieve a settlement. The goal is to reduce your debt burden, and Guardian has a proven track record of successfully lowering debts to a fraction of the original amount owed. In other words, you may end up paying as little as 40 to 60 cents on the dollar.
The company charges a flat fee of 20% of your initial debt. Compared to other debt relief companies, Guardian Debt Relief offers more affordable options. For instance, National Debt Relief charges between 15% and 25%, depending on the amount owed.
Another advantage of working with Guardian is their secure money transfer system. You are no longer required to communicate directly with your creditors, as the company ensures smooth and secure transactions. On average, it takes between 24 and 48 months to complete the program and become debt-free.
Educational Resources
While Guardian Debt Relief specializes in personalized debt relief programs, they also provide educational resources and articles to help you make informed financial decisions. On their website, you can find valuable information on how their debt management program operates, as well as comparisons to other financial products, such as debt consolidation loans. It’s important to note that Guardian is not a lender or loan provider; they solely focus on debt settlement.
Additional Tools
When it comes to additional features, Guardian Debt Relief stands out among other debt settlement companies. In addition to their online client portal, they offer a budget calculator tool to help you establish a monthly budget. Moreover, the company provides numerous useful tips on improving your spending habits and taking control of your finances.
For more information on Guardian Litigation Group and their debt relief services, visit Garrity Traina.