Myths vs Facts

Some people assume debt relief is an unregulated space, giving shady companies the ability to take advantage of consumers without consequences.

The Federal Trade Commission (FTC) sets firm rules, including a 2010 update that bans upfront fees and requires full disclosure.

On top of that, many states enforce their own consumer protection laws. At Eliminate Debt, we go even further — upholding internal standards that exceed basic legal requirements.

There’s a common belief that providers face no checks or consequences if they fail to serve clients responsibly.

Reputable programs must comply with FTC guidelines, be transparent about fees and timelines, and undergo regular reviews to confirm compliance.

At Eliminate Debt, accountability is built into our process — we earn your trust by proving it through clear actions at every step.

Many fear that signing up for debt relief means surrendering control and being stuck in a rigid program.

With Eliminate Debt, you remain in charge. You manage your dedicated account, choose whether to accept or decline any settlement, and can exit the program at any time without penalties.

Our job is to guide and support — not to take control away from you.

Some people dismiss debt relief as ineffective or just another scam.

Debt relief helps people reduce balances faster and at lower costs than managing it alone. Many clients see progress within months, with average savings of up to one-third on enrolled debts after fees.

Independent reports confirm measurable savings — and just as importantly, a clearer path toward peace of mind.

It’s often assumed that debt programs automatically ruin your credit score.

While you may see a temporary dip, consistent payments and reduced balances can strengthen your credit in the long run. At Eliminate Debt, our focus is not only to eliminate what you owe — but also to help you rebuild lasting financial health.