Debt Calculator

Thrive Debt Relief doesn’t charge any upfront fees, and there’s no cost to sign up. Our initial consultations are free. During your consultation, one of our certified debt specialists will talk with you and see if the Thrive Debt Relief program is right for you. The average client usually pays a fee of 15-27% of the total debt enrolled; however, this fee is only paid once the debt has been settled. In addition, this fee is part of your monthly payments, and it won’t cause them to rise. You’ll continue to make one, low monthly payment for the entire time you’re enrolled in the Thrive Debt Relief program.

Yes, debt negotiation will negatively affect your credit temporarily and it can be improved after you have completed the program and you are debt free. If you are already behind on your bills, your credit score will already be lower so the effects of our program may not be as severe. You have to decide if it’s better to resolve your debt now at a lower cost and then rebuild your credit.

Yes, you can negotiate with your creditors yourself and save yourself an extra 18-25% off your debt. Our fee varies depending on the state you live in and the amount of debt that you have. Not everyone wants to talk to their creditors on a regular basis so they trust us to do it for them. Our debt negotiators have extensive knowledge in Federal & State consumer laws & exercise the Fair Credit Reporting Act, Fair Credit Billing Act, as well as the Fair Debt Collection Practices Act to help settle your debt.

It depends on how quickly you can build up your settlement funds and save for the settlement offers. The program length varies between 24-48 months, the faster you can save, the quicker you can get out of debt. If you only make the minimum payments on your credit cards, you could be in debt for the next 10-20 years and pay back 2x, 3x, or even 4 times as much as you originally borrowed.

There is a slight possibility that any creditor can sue you. However, lawsuits are expensive and creditors try to avoid them. We aim to complete the program as quickly as possible to avoid any lawsuits.

No, you will not be able to use your credit cards that are enrolled in the program. Creditors will usually close your accounts after you have missed a few payments anyways. Your debt consultant will help you decide the best plan of action based on your current financial situation.

That depends. Your creditors will issue you a 1099-C form for any debt forgiven over $600. The forgiven debt counts as income. But, if you are insolvent (you have more liabilities than assets) at the time we settle with your creditors, you may not have to pay any taxes on the forgiven debt.

“A taxpayer is insolvent when his or her total liabilities exceed his or her total assets. The forgiven debt may be excluded as income under the ‘insolvency’ exclusion. Normally, a taxpayer is not required to include forgiven debts in income to the extent that the taxpayer is insolvent.” – IRS.gov Form 982. You will need to speak with a CPA or tax professional for help in this matter.

Yes! We offer a Money Back Guarantee because we want Satisfied Customers! Our Guarantee: By joining our program, you will be on your way to reducing your debts. We are so confident in our professionalism, level of service and ability to get results, that we do not charge a single penny in fees until your debt is settled. Not a single penny! If we are unable to settle your debt or if you are unsatisfied for any reason up to the point of us settling your debts, you can cancel anytime without any penalties or fees! If we are not able to settle any of your accounts, you don’t pay us. It is that simple! We get results or you don’t pay! We call that our 100% Satisfaction Guarantee!

Thrive Debt Relief’s program is a great choice for people with high levels of unsecured debt who are struggling with financial hardship such as divorce or the loss of a job. If you’re barely keeping up with your minimum payments and the balances on your accounts keep growing, then our program could be right for you. Thus, if you’re fighting a losing battle against rising debt, our debt settlement services may be just what you need.

Bankruptcy is an option that is generally treated as a last resort. It will remain on your credit report for 10 years & you can be denied employment, state licenses, insurance, as well as tenancy of an apartment. Most importantly, you can be denied virtually any type of credit with a bankruptcy on your report for several years. In addition, since the bankruptcy laws have changed recently, it is even more difficult to qualify for Chapter 7, the method of liquidating assets to resolve your debt. You will not be allowed to discharge alimony, child support, taxes, student loans, judgments, or any loan on the bankruptcy petition. Under Chapter 13 bankruptcy, your debt payments are simply restructured meaning you will still have to pay a percentage of your debts while you suffer the consequences of bankruptcy. Debt negotiation is an alternative to bankruptcy.

Due to your legitimate financial hardship, you are able to participate in this savings program in order to help pay your debts in the future. We are not here to advise you not to pay your debts now, however if you continue to make payments to your creditors, there may be less debt or possibly none left at all for us to settle. If you are able to save money in this program & make payments to your creditors at the same time, then you probably don’t actually have a legitimate financial hardship.

Your funds will be held at Debt Pay Gateway, which is an FDIC insured trust account. This account will be opened in your name with you having ultimate control over its funds. The monies collected in this account get disbursed only at the time a negotiation is reached with the creditor and you agree with the settlement offer.

Our program could have a negative impact on your credit initially. During the debt settlement process, our clients make the decision to stop paying their creditors and instead pay into a dedicated savings account that goes toward their debts. Fortunately, most of our clients find that by the time they graduate, their credit score has returned to the same rate if not higher as when they started.

If you’re enrolled in one of Thrive Debt Relief’s programs and your credit is adversely affected, it’s usually is a short-term issue. In most cases, your credit will start improving as soon as you begin settling your debts with your creditors. In fact, many of our clients find that by the time they graduate, their credit score has returned to the same level if not higher than when they started. While a short-term decline in your credit score is inconvenient, it’s often a more viable option than having to declare bankruptcy, or otherwise being saddled for years with high-interest debt that you’ll struggle to ever pay off.

Thrive Debt Relief programs can save you “thousands upon thousands” of dollars! After all, settling your debt means that the interest and fees you’re currently incurring on credit cards and other debts each month will cease. This will free up hundreds if not thousands of dollars for you to use to pay other bills, purchase a home, or prepare for retirement. Additionally, the fees we charge clients for the Thrive Debt Relief program are more than reasonable. Even with paying our fees, our clients save an average of 30-50% on their debts.

Debt Settlement is absolutely worth every dime! If you enroll in the Thrive Debt Relief program, we can help you on the journey to becoming debt-free. Eliminating all your debts will allow you to use your income to prepare for a bright future, instead of paying interest on past purchases. Thrive Debt Relief empowers its clients to pay off their debts in less time than if they continued to make the minimum payments. More importantly, it allows them peace of mind while doing so.