Resources to resolve ​debt

If you're facing an overwhelming amount of debt, you're not alone. Half of American families are living paycheck to paycheck and are unprepared for a financial emergency. One illness or change to income can push you to the brink of financial ruin. 

 

It's important that you prioritize paying off debt so that, should an emergency happen, you have disposable income that can be used to keep your family afloat. That being said, there is good news. There are many options available to consumers to relieve the burden of debt. Here, we outline 5 of the most common strategies for resolving debt so that you can determine what is the best choice for your situation. With each option, it's important to evaluate your unique situation and remember that results vary.

Strategy

Pros

Cons

Self payment

Through budgeting and discipline, and the use of tools, you can start making the necessary payments to repay your debt.

  • No additional costs

  • No credit impact

  • You're in charge

  • Requires time and discipline

  • Repay full amount plus interest

Credit counseling

A counselor will review your situation, help you budget, attempt to lower interest rates and create a management repayment plan.

  • Single monthly payment

  • Pay less interest and fees

  • Help budgeting

  • Accounts are closed

  • Shows on credit report

  • Balances not reduced

Debt consolidation

Consolidate your debt into one loan to pay off all of your debt, ideally with a lower interest rate and affordable monthly payment.

  • Single monthly payment

  • No credit impact

  • Generally better interest

  • Requires good credit

  • Repay full amount plus interest

Our Specialty!

Debt settlement

Make a single monthly payment for a predetermined term. A company then negotiates with your creditors to settle for less. The settlement is paid with the funds from your monthly payments.

  • One low monthly payment

  • Spend less time in debt

  • Significant savings

  • Collection activity

  • Credit risk

  • Settlement results vary

Bankruptcy

A legal process to relieve you of your debt obligations. Chapter 7 and Chapter 13 most common bankruptcy types used by consumers.

  • Creditors cannot attempt to collect.

  • Generally a quick process

  • Debt is no longer owed.

  • Can be difficult to qualify

  • No longer able to use accounts

  • Long term damage to credit

Interested in reading more about these options? Learn more here!

Olive Branch Financial LP

info@olivebranchfin.com

Contact: +1-657-900-5997

Hours of Operation:

7:00 am - 7:00 pm (PST)

Monday - Friday

8:00 am - 2:00 pm (PST)

Saturday

Off hours available by appointment. 

Closed on Federal Holidays

© 2018 Olive Branch Financial LP | All Rights Reserved.

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Olive Branch Financial is a debt settlement company that operates in some but not all states in the United States, Olive Branch Financial does not accept any clients who do not meet with a consultant for an in-person consultation. If you reside in a state that we do not accept clients in, we may be able to refer you to another company for assistance. 


Olive Branch Financial negotiates unsecured debts on behalf of its clients and does not assume its clients’ debts, make monthly payments to creditors on clients’ behalf, or give clients tax, bankruptcy, accounting, or legal advice. We do not provide credit repair services. Please contact a tax professional to discuss potential tax consequences associated with settling debts for less than the full balance. Please read and understand all of Olive Branch Financial’s Program requirements and Olive Branch Financial’s service agreement before enrolling into Olive Branch Financial’s Program.


The use of debt settlement services will likely adversely affect your creditworthiness, may result in the balances of your enrolled debts increasing due to the accrual of legal fees and interest on your accounts and you being subject to collections actions or lawsuits brought by your creditors. The settlements we negotiate on behalf of our clients resolve the entire account, including all accrued interest and fees. We cannot guarantee that we will resolve your debts and results will vary based on your individual circumstances.