Consolidation, settlement, or neither?
Every “best debt relief” list is selling you something. Here’s the honest comparison — and a calculator that shows your actual stakes.
Your three real options, side by side
Strip away the marketing and nearly every path out of unsecured debt is one of these three. Each works — for the right person, in the right situation.
Consolidation loan
One new loan pays off the rest; you repay 100% of principal at (hopefully) a lower rate. Best when your credit is still strong and the spending that built the balance has stopped. Watch for origination fees and terms so long the “savings” evaporate.
Debt management plan
A nonprofit credit counselor bundles payments and asks creditors for rate concessions. You still repay the full balance, usually over 3–5 years. A solid middle path when income is steady but the rates are eating you alive.
Debt resolution
Negotiators settle accounts for less than you owe, funded by one monthly deposit. No credit-score floor and no new loan — built for genuine hardship. Costs include a temporary credit dip and possible taxes on forgiven debt. This is what Reva does.
Staying the course vs. a Reva plan
The most expensive option is usually the one that feels safest: keep paying minimums. Drag to your balance and compare.
Keep paying minimums
50+ yrsestimated total you’d pay
at ~24% APR, interest keeps stacking while the balance barely moves.
With a Reva plan
debt-free in ~36 monthsone monthly deposit
estimated total cost
Estimates are illustrations, not promises. Savings figures reflect members who completed their programs and settled all enrolled debt; results vary by creditor, balance, and how long you stay with your plan. Minimum-payment figures assume a 2.5% minimum and no new spending. Debt resolution can negatively affect your credit, and not all clients complete their programs.
What it means for your credit
Still wondering about something?
Real people, real answers — no scripts, no pressure. Reach out and we’ll walk through your options together.
Honestly: probably, at first. Most members are already behind when they arrive, and scores typically dip further during negotiation because enrolled accounts go (or stay) delinquent. The trade is short-term score for long-term solvency — resolving the debt itself. Many members watch their score begin to recover as accounts settle and then climb as they rebuild on a clean foundation. We’d rather tell you that plainly than surprise you later.
Bankruptcy is a legal proceeding with long-tail consequences: it can sit on your credit report for up to ten years and may surface in housing, employment, and licensing checks. Resolution is a private negotiation — no courts, no public record of a filing. That said, bankruptcy is the right answer for some situations, and only a bankruptcy attorney can advise you on yours. If that is your better path, we will say so.
Stop comparing tabs. Start comparing numbers.
One free call gets you the math on all three paths — personalized, in writing, yours to keep.
- Free consultation
- No upfront fees
- No credit impact to check