Who we are
redsavingsclub.com is operated by Go For Liberty, LLC. Red Savings Club is an advertising-supported publisher.
What we do not do
We have no products or services of our own for sale. We do not negotiate with creditors to reduce what you owe or change your payment terms, make loans, extend credit, take deposits, assume your debts, make payments to creditors, or provide credit repair. Our content is general education, not personal financial, legal, tax, or bankruptcy advice.
Before you choose a provider
Debt options work differently. A debt consolidation loan provides new credit to repay existing debts; a lower monthly payment can mean a longer repayment period and a higher total cost. Hardship negotiation is when a company negotiates with your creditors to lower what you owe or change your payment terms; it may take years, may charge fees, and may not succeed.
- Independent providers determine eligibility, terms, and fees and are responsible for their services.
- Availability varies by state.
- Visiting a provider does not guarantee approval, savings, or a particular outcome or timeline; results vary.
- Review all provider terms and fees before agreeing.
- Programs involving reduced balances can harm your credit.
- Missing payments can increase interest and fees and lead to collection activity or lawsuits.
- Creditors may refuse to negotiate.
- Canceled debt may count as taxable income (IRS Form 1099-C).
- Consult a tax professional about your situation, and a bankruptcy attorney about bankruptcy options.
How we are paid
Red Savings Club is supported by advertising. We may be paid when you click a link to a partner site or when a partner gains a customer. This can affect which partners appear and where they appear on a page.
We do not review every company or option, so our articles are not a ranking of all your choices.
Contact us
Email privacy@redsavingsclub.com with questions, privacy requests, advertising questions or security reports.