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Resolve Credit Card Debt and Personal Loans
in as Little as 24 - 48 Months

Resolve Credit Card Debt
& Personal Loans in as Little as
24 - 48 Months

Texas Debt Management License: 1900064636-215879

Texas Debt Management License: 1900064636-215879

Debt Consolidation Texas, Credit Counseling Texas, and Debt Relief Texas Consultations are free of charge with no obligation. Credit counseling clients generally obtain interest rates between 6%  to 11%.  Debt Negotiation clients who make monthly program payments generally experience an approximate 50% reduction of their enrolled balance before fees, or a 35-45% reduction after payment of settlement fees over a 24-48 month period.  Individual results may vary based on ability to save sufficient funds, ability to complete the program and the creditors enrolled. Statements made are examples of past performance and are not intended to be a guarantee that your debt balances will be lowered by a specific amount or percentage, that you will be debt-free within a specific time period. Settlement fees are not charged until a debt is reduced and payment has been made to creditor. We do not assume consumer debt, make monthly payments to creditors, provide tax, bankruptcy, accounting, or legal advice. We do not provide credit repair services. Optional separate legal services may be offered by affiliated attorneys and any attorney fees are separate from those charged by Debt Redemption Inc. Please contact a tax professional to discuss any possible tax consequences of paying less than the full balance. Programs available in Texas. Logos used are property of their respective owners.

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Many credit card issuers and lenders have been offering short term payment deferments to provide some temporary help to those impacted by the pandemic.  Unfortunately, this is not enough for many people who need much more support to resolve high-interest debt problems.  While there may be government-mandated help for student loans and some mortgages, there is no bailout for credit card debt and personal loans.  Most people want to avoid a damaging and often costly bankruptcy but might not understand the difference between debt consolidation loans, consolidating with credit counseling, and debt settlement.   Debt Consolidation Loans:  Consolidating debt with a new loan is not a viable solution for people who have too much debt and are experiencing financial hardship.  For those who qualify, they may provide a reduced interest rate compared to high-interest credit cards.  Depending on your existing interest rates and your new rate, your debt consolidation loan payment may or may not be lower than what you are currently paying.  Suppose you have a good debt-to-income ratio and good credit scores of 720 or better.  In that case, Debt Redemption Texas Debt Relief recommends applying for a debt consolidation loan with your primary bank where you have your checking and savings accounts.   Find out if your bank will offer you a low-interest loan to pay off your high-interest debt.  Other options are Peer-to-Peer lenders such as Lending Club, which you can apply online.  Lending Tree is another option in which banks and lenders provide offers through the platform so you can choose the best offer.  If your credit scores are not at least 720 or the amount of your total debt payments compared to your income is too high, you may find it impossible to obtain a low-interest debt consolidation loan anywhere.  If this is the case, there are two other options to consider depending on your financial situation.   “Traditional” Credit Counseling:  If you cannot qualify for a debt consolidation loan and current or no more than six months delinquent with your credit cards, a credit counseling debt management plan may be a viable option.  By consolidating your debt in this method, you will make one payment per month, and the credit counselor will distribute it amongst your creditors.  The advantage of this type of consolidation is that the interest rates can be reduced, often to less than 10%.  Another advantage is a relatively short 5 to 7 payoff period depending on what you can afford monthly.  Depending on your initial interest rates and your credit counseling program length, your consolidated monthly payments may be lower than your previous minimum payments.  Even though you are still paying some interest in a credit counseling program, you may save a lot of money in interest, and it will shave many years off the time it would take to pay the debts off compared to making minimum payments.  These advantages come at a cost that may or may not be important to you.  After enrolling in credit counseling, all your enrolled accounts will be closed.  If you have good or even decent credit scores, they take a hit after enrolling.  If your credit scores are poor, then this is likely not a concern.  After enrollment, your creditors will also note that you are in a hardship plan on your credit report, which will make it nearly impossible to obtain new loans while in the program.  Of course, you should not be acquiring new debt if you are struggling to pay the debt you already have.  Most major creditor card institutions work with credit counseling agencies, but some installment loans will not qualify or will not experience any rate reduction.  Credit counseling agencies charge a monthly fee and are provided compensation from the lending institutions for collecting the debt in what is referred to as “fair share.”   Debt Negotiation:  Also called debt settlement, is another method of resolving debt that has gained popularity because of the enormous potential savings.  In some cases obtaining debt relief through debt negotiation programs can cost less than a Chapter 13 bankruptcy.  Debt settlement can be ideal for many people struggling financially, are behind in making their payments, or expect that they will fall behind soon.  Research has shown a higher economic benefit for clients who complete debt settlement programs than traditional credit counseling.  Debt settlement programs are usually structured to resolve debt between 2 to 4 years but sometimes stretch to 5 years, depending on what is affordable monthly.  The monthly cost has the potential to be less than half compared to making minimum payments and often much less when compared to a credit counseling program with a similar estimated length to resolve the debt.  While credit counseling can negatively impact credit scores, so can debt negotiation.  Your scores may even drop more compare to credit counseling because you will not be making monthly payments.  Whether enrolled in any debt relief program or not, credit scores are negatively impacted when you do not make at least the minimum payments.  Debt negotiation programs do not make monthly payments to your creditors, but if you are already behind with your payments, the worst of the credit score damage may already be done.  At that point, the focus should be resolving your debt as quickly as possible so you can start rebuilding your credit scores as soon as possible.  Since a debt negotiation program may be completed years sooner than a credit counseling program offering the same monthly cost, you may be able to start rebuilding your credit scores much faster by settling your debt.   Companies providing debt negotiation are not allowed to charge fees until they settle an account, and the settlement fees must be proportionate to the enrolled amount of the creditor settled.  While in a debt settlement program, the monthly program payments accrue in a Special Purpose Account, which is essentially a savings account to build up funds to settle with your creditors and cover the negotiation fees.  There is no quick and easy way to resolve debt if you do not have the funds to pay it off, so like other methods, there are few potential drawbacks of using debt settlement as a method of debt relief.  The program length will always be an estimation that could be longer or shorter, depending on actual settlement amounts.  The settlements could be higher or lower than estimated initially, but the estimation should be realistic and based upon a company’s historical settlements with your enrolled creditors.  Some non-reputable debt settlement companies may quote numbers that are unrealistically low in an attempt to get you to sign up with them.   After a debt is settled, a creditor could send you a 1099-C for the amount of debt forgiven, meaning the forgiven portion could be considered taxable income.  If this occurs, filing an IRS tax form 982 with your tax return may prevent you from paying income taxes on the forgiven debt.  A tax advisor would be able to advise and assist in filing the form if needed.  Also, debt negotiation companies themselves cannot stop creditors’ attempts to collect until the debt settles.  Creditors may call you, and there is a possibility a creditor could file a lawsuit against you in an effort to collect a debt before a negotiated settlement.  Most debt settlement companies offer an optional pre-paid legal type of insurance provided by a third-party that may be able to assist in finding and hiring an attorney to help you if a creditor filed a lawsuit.   Debt redemption Texas Debt Relief is not a national debt relief company but rather a Texas debt relief company razor-focused on helping Texas residents to resolve often $30,000, $50,000 to $100,000 more of credit card debt and personal loans.  They offer Texans both traditional credit counseling and debt negotiation.  Because Debt Redemption only focuses on helping Texans with personalized service, they have developed an exclusive relationship with a highly awarded defense attorney who is possibly the best in Texas.  The separate legal services are entirely optional and not required to use their services to negotiate debt. If you choose to hire the law firm in addition to Debt Redemption, then the attorney can enforce specific Texas consumer protection laws in the Texas Finance Code.  By having an attorney deal with creditor harassment, their clients can receive peace of mind that removes a lot of the stress that would otherwise be very stressful.  The Texas protections enforced are in addition to federal laws that most other states do not offer.   Furthermore, the optional legal representation is proactive and helps prevent creditors from filing lawsuits while debt is negotiated. All of your enrolled creditors will know you will have retained an experienced debt defense attorney upfront making it much less attractive for creditors to use litigation.  If needed, the attorney will provide legal representation to help defend a lawsuit if one were to occur still.  Knowing who your attorney is upfront and having upfront preventative legal representation provides a much higher level of protection than companies reactionary “pre-paid legal” type services, which will try to find you an attorney after a lawsuit is filed.  Many Texans also chose Debt Redemption Texas Debt Relief because their settlement fees are much lower compare to most other companies.  If you are considering another debt relief company, call and ask about Debt Redemption’s lowest fee guarantee.  The law firm will offer their legal services to Debt Redemption’s clients at an affordable rate.  By choosing both the optional legal protections and Debt Redemption’s debt negotiation services, your total cost may be competitive to companies only offering negotiation services, or “pre-paid legal” plans.  Debt Redemption’s unique arrangement with the law firm also allows them to affordably assist new clients who have pre-existing creditor lawsuits and judgments.   Debt Redemption Texas Debt Relief offers special programs for those impacted by COVID-19 with program payment deferments available in many cases.  If you live in Texas and have questions about debt consolidation, debt relief, or debt settlement, speak with a Texas Debt Specialist at Debt Redemption Texas Debt Relief.  For a free and no-obligation consultation, call 800-971-4060 or visit https://debtredemption.com  
Debt Redemption Texas Debt Relief Headquarters:
40 NE Loop 410
Suite 408
San Antonio, TX  78216
Phone: 800-971-4060

Debt consolidation Texas combines all of your debt into one debt. Instead of paying multiple creditors, you would pay one—your consolidator or lender. The lender pays off your debt, and you pay back your lender for the debt amount at a different interest rate.

Debt consolidation San Antonio generally takes the debt you owe to a number of creditors and replaces it with one, lump sum debt, owed to a single creditor. Debt consolidators “pay off” your debt, and then offer you one payment at a new interest rate through a consolidation loan. So instead of paying several creditors throughout the month, each with their own interest rate, you pay one bill to the consolidator.

Debt consolidation San Antonio Texas is often confused with debt settlement, because both generally involve consolidation. Debt consolidation consolidates your debt, whereas debt settlement involves a single monthly program payment. The former removes your old creditors and interest rates from the equation, while the latter keeps them in place. Both methods of debt management will reduce the number of different payments you make throughout the month.

Generally, the difference between secure and unsecure debt is collateral. Unsecured debt is not backed by collateral. If you fail to pay back unsecured debt, the creditor has nothing to take from you to recover the cost of non-payment. Basically, the only thing they have is your promise to pay it back. That’s not to say there aren’t consequences for not paying unsecured debt, that’s just to say that not paying unsecured debt won’t leave you without a home. The same can’t be said for failure to pay on secured debt.

Secured debt is backed by collateral–some type of asset like a home or vehicle. Failure to pay a mortgage can result in foreclosure, failure to pay a car loan can result in repossession of the vehicle. Because the lender can recoup the cost of non-payment through foreclosure or repossession, interest rates for secure debt consolidation loans are typically lower.

Did you know that debt comes in two types: secure and unsecure?
Debt comes in two types: secure and unsecure. Secure debt involves some form of collateral, like a house or a car. Unsecure debt includes medical debt, credit card debt, and some loans. In most cases, a debt consolidator will require collateral before your debt can be consolidated. It’s important to know that tying collateral into a consolidation can put that collateral at risk if you fail to make payments. As a homeowner, you can refinance your mortgage and use the equity from your home to help pay down debt through consolidation. When you collateralize your home, or car, you agree to the forced sale of that collateral to pay back the loan if you stop making payments.

The benefit of having collateral is you can often get a lower interest rate–depending on the value of the collateral of course. In a down economy, lenders are generally more willing to make consolidation loans to those that can offer more than just a promise to pay the money back. Each case is unique however, just because you have a home or multiple vehicles as collateral doesn’t mean you will get the lowest available rate.

It is possible to get an unsecured debt consolidation loan, but it requires good credit history, verifiable employment and a relatively low debt to income ratio. Some lenders even require a minimum credit score. There are a number of lenders out there offering consolidation services, and some have higher requirements than others. If you have a great credit score, an unsecured debt consolidation loan could result in a lower interest rate. Be wary of lenders that will approve anyone, no matter their credit history. Those consolidation loans often come with a high interest rate, which can lead to much more debt over time.


Debt consolidation San Antonio Texas is not right for everyone. The circumstances surrounding your debt are unique, as is your debt solution. If you have good credit and/or collateral, and you’re confident you can make your monthly payments, consolidation could be right for you. The benefits of consolidation include a possible lower interest rate, one simple payment to one creditor, and the possibility to pay less over time thanks to that lower interest rate.

There are some risks to Debt consolidation San Antonio Texas, and you should definitely consider those before getting involved with a lender—you cannot un-consolidate your debt. If you tie in collateral, and you fail to make payments, you could lose that collateral, and your credit score could take a big hit. If your only option is unsecured debt consolidation San Antonio Texas, and you don’t have a good credit score, your consolidated interest rate could be as high, or higher than some of the interest rates you’re currently paying.

Remember, there are a variety of consolidation services available, so you may have to search to find the one that’s right for you. There are a number of other ways to manage your debt that don’t involve consolidation. Call today and talk to a debt specialist to learn about other debt solutions, like debt settlement, debt counseling and more.

Sample Debt Consolidation San Antonio Texas

Let’s say you owe $5,000 on three different credit cards, each with different interest rates. If you got a secured consolidation from your bank for $15,000, you could lock in a lower interest rate, or a rate that averages the three debts into something ultimately lower. For instance, your three cards could be at 24, 19 and 26 percent, and the bank could offer you an interest rate of 20 percent, or maybe even something lower. Depending on the amount of time it takes you to pay your bank back, as well as the size of each payment, you could end up paying less than what you owed because of the lower interest, but only slightly—your overall debt amount will likely remain the same.

Now bump up those totals by $5,000 each. Now you owe $30,000 across three credit cards and your interest rates are the same as above. This time, you can’t get a secure consolidation—either your credit score is too low, or you don’t have enough home equity. You manage to get an unsecure consolidation, but the interest rate is higher, 25 percent. The consolidator eases the sting of higher interest by offering lower payments. That rate may still be lower than some of your credit card rates, and you may even pay less, but if it takes you longer to pay off your consolidated loan, you’ll end up paying more over time.

Many banks offer consolidation loans and services like debtredemption.com or affordabledebtconsolidation.org. There are also a large number of independent loan consolidation and debt management services, most of which are regulated. Because consolidation is essentially replacing one debt with another, make sure the lender you choose is reputable.

Millions of Texans struggle to pay high-interest credit card debt and personal loans. How can Texans know which debt relief or debt consolidation company to trust? One word of advice is to start locally. Debt Redemption is a debt management agency with offices in Texas for nearly 20 years. The company provides a free phone or office consultations and can provide multiple types of programs to help manage and eliminate debt. Jack Brandon is a Debt Specialist at Debt Redemption. He says you should be wary of out-of-state companies because some charge excessive and often illegal fees.

“Unfortunately, we sometimes clean up the mess that non-reputable out-of-state companies put people in before they realize we are here to help them locally. They prey on Texans and are sometimes quick to take their money without providing much help” says Jack Brandon of Debt Redemption, who works at the Debt Redemption headquarters in San Antonio, Texas.

Some programs are designed to achieve interest rate reductions and resolve debt in 5 to 7 years. Other programs negotiate principal balances and may resolve the debt for less than what is owed in as little as 24 to 48 months. It is imperative to choose a trustworthy company to handle either type of service. Some people enroll in debt relief programs but don’t realize for 2 or 3 years down the road that they are not actually getting the help they were promised.

You can check with the Texas Office of Consumer Credit Commissioner at occc.texas.gov to see if a company is properly registered to provide debt management services in Texas. Some companies are breaking the law by enrolling Texans into illegal programs.

The Better Business Bureau is a great resource, and companies cannot hide Better Business Bureau complaints. Type in the company name at bbb.org for more information on any company.

Debt Redemption Texas Debt Relief specializes in providing affordable options for people Texas who are struggling with $20,000, $50,000, or even $100,000 or more of high-interest credit card debt or personal loans. Debt Redemption also has special local resources they have never seen an out-of-state debt relief company offer. For a free and no-obligation phone or office consultation, call or text 800-971-4060 or visit debtredemption.com

A: Consolidating your debt could have the following benefits:

  • Lower interest rate (depends on collateral, credit score and other factors)
  • Replaces multiple creditors with just one
  • Replaces multiple payments each month with just one
  • Can ease the burden of heavy debt and help you pay off debt quicker

Debt consolidation Texas  is not without its risks. Many lenders require collateral, like a home or car, before they’ll offer you a loan. Home mortgages and some car loans are considered secure debt, and you can leverage those things as collateral to get a loan. This can be dangerous if you can’t make payments, as putting your home up as collateral means you agree to the forced sale (foreclosure) of your home if you can’t keep up. The same would go for vehicles, or any other collateral.

It is possible to receive a consolidation loan without collateral. If you don’t have collateral, reputable lenders will need to see a good credit score, verifiable employment, and good credit and payment history. With a good enough credit score, it’s still possible to receive a relatively low interest rate on your consolidation loan. Watch out for lenders that say credit isn’t a problem, or that they’ll lend to anyone. Interest rates on those loans are often far above average. A high interest rate could result in more money paid over time.

No matter where you may live, dealing with overwhelming debt is not easy.  Not only can the debt cause stress, which may lead to health issues, but it can affect your financial future for many years if not resolved.  Many Texans do not realize that Texas has consumer protection laws to help protect people in debt.  We will explain options to deal with high-interest credit card debt and personal loans such as debt consolidation with credit counseling and debt settlement.  But first, let’s understand a little bit more about the consumer protections in Texas.

There are two primary protections Texans have that most other states do not provide for their residents.  The first is the inability of normal lenders to garnish wages of Texas residents.  This exemption does not apply to government-backed debts such as federal student loans and taxes.  It also does not apply to court-ordered debts such as alimony and child support.  But what it means is that normal lenders such as banks issuing credit cards and personal loans cannot garnish your wages, even after successfully filing a lawsuit and obtaining a judgment against you.  In most other states, if you do not pay a judgment, the lender can take a percentage of your monthly income by forcing your employer to pay a set amount monthly to the creditor.  However, this does not mean the lender cannot attempt to collect a judgment in the Loan Star State.  If you continue to deposit money into a checking or savings account after the lender obtains a judgment, the lender will be able to take it from your bank account with no warning in Texas. 

The second significant protection afforded to Texans in combat against non-government related debt is our 100% homestead exemption.  A typical creditor cannot force you to sell your homesteaded primary residence to pay the debt.  Your homestead can be up to 10 acres urban property (single or family) and up to 100 acres rural (single) and 200 acres (family).  Also protected are household items, up to $30,000 for a single person and $60,000 for a family.  Up to one vehicle for each licensed driver in the house is also protected.  Second homes and vacation homes do not have this protection, and creditors may be able to auction them to pay debts if they hold a court-ordered judgment.  Creditors may attempt to put a lien on homestead property in hopes of getting paid when you eventually decide to sell it. Still, an attorney may remove the lien so that it does not require payment during escrow.  Please keep in mind this article is intended only for general information and may not be construed as any form of legal advice.  For legal advice, consultation with a qualified attorney will be necessary

Additional protections afforded to Texas residents is the Texas Finance Code.  Any USA resident is protected by the Fair Debt Collection Practices Act (FDCPA), but the federal protections only extend to 3rd party debt collectors and not your original creditors such as a bank who issues a credit card or line of credit.  The Texas Finance Code offers a much higher level of protection for Texans by extending by making creditor harassment potentially illegal for original creditors, in addition to 3rd party debt collectors.

The above protections do not mean that you should ignore your debt problems.  If you have fallen behind paying credit cards or unsecured installment loans, it is much better to act before reaching the point of creditors filing lawsuits.  There are some debt relief options to consider, including traditional credit counseling debt management plans, debt settlement (also referred to as debt negotiation), and bankruptcy.  The first option to consider is a traditional credit counseling debt management plan.  These programs may work well to consolidate debt if most of your debt is with credit cards, and you are no more than six months delinquent.  Debt consolidation with credit counseling does not give you any reduction in your principal balances but provides an interest rate usually between 7 to 11 percent.  The lower interest rates could provide a monthly cost less than making minimum payments to your credit cards directly.  Another advantage that the programs could be 5 to 7 years in length, which is a much shorter time compared to making minimum payments. 

Debt settlement or debt negotiation is another option to consider if you are struggling with debt.  These programs negotiate reductions in your principal balances and may provide a monthly cost that is much lower than traditional credit counseling.  These programs are usually estimated between 2 to 4 years, so they have the potential to help you become debt-free faster and start re-establishing your credit more quickly.  Debt settlement programs also can enroll more types of installment loans, including extremely high-interest predatory loans that credit counseling is unable to assist with. 

Bankruptcy is another option to consider.  A successful chapter 7 bankruptcy may be able to wipe out all unsecured debts in a little as 90 days.  It is not always possible to qualify for a chapter 7 if there is enough income or assets to pay back some or all the debts determined by the bankruptcy court.  In such cases, the only type of bankruptcy available could be a chapter 13 repayment plan.  The amount paid back to creditors in chapter 13 could be more or less compared to a debt settlement plan.  Most people consider bankruptcy as a last resort, and it could affect future employment.  Bankruptcy may be public record for the rest of your life, so it could have long-term consequences even after it no longer shows on a credit report.  If you are considering bankruptcy, it is essential to speak with a qualified bankruptcy attorney.

Debt Redemption Texas Debt Relief can assist Texans with both traditional credit counseling and debt settlement programs.  Being a Texas-based company which only focuses on Debt Relief in Texas, they have additional resources to help utilize protections afforded by the generous consumer protection laws.  If you are considering debt consolidation, debt relief, debt settlement, or debt negotiation in Texas, call 800-971-4060 or visit https://debtredemption.com for more information.  Phone and office consultations are free with no obligation.

 Actually no. Although it’s preferable to not have any debt, not all debt is bad. Good debt is debt from something that appreciates in value. In most cases a mortgage loan and student loans are considered good debt, because homes can increase in value, and student loans usually mean you have a higher degree, which makes you a more valuable employee. Having good debt can help you build wealth and a good credit score. Bad debt is debt that depreciates in value. Going into debt for disposable items like clothing or groceries with credit cards could negatively impact your credit score.

Some debt—certain private loans or secured loans—cannot be consolidated. Sometimes debt can be consolidated within a lender, but cannot be consolidated with debt from another lender. That’s why it’s important to talk to a debt specialist before consolidating your debt. They can help you determine what can and cannot be consolidated, or if consolidation is even right for you.