How we write articles
- We explain debt options in plain language and keep each option's costs and risks next to it.
- We keep claims about eligibility, savings, timing, taxes and credit conditional, and we do not promise results.
- We say clearly that the site is supported by advertising.
- We correct pages when we learn that facts have changed.
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.
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.
Contact us
Email privacy@redsavingsclub.com with questions, privacy requests, advertising questions or security reports.