Read about Novae's recent inclusion on Inc. Magazine's 2024 Inc5000 list on Yahoo Finance
Read about Novae's recent inclusion on Inc. Magazine's 2024 Inc5000 list on Yahoo Finance
“I had just gotten divorced, debt was piling up and I didn’t know what to do. It’s an amazing feeling to see ZERO balances on all my credit cards and loans!"
Chey L
Went through divorce
“My spouse passed away… and I was trying to do everything by myself. I was $78,000 in debt when I came to Novae. It was the greatest thing I’ve ever done for myself.
Michelle L
Spouse passed away
"My wife fell ill, resulting in a loss of income. We started paying our bills on credit cards leading to high credit card debt. Novae's program is very good and I highly recommend it."
Adler J
Drowing in credit card debt
"I had like 14 creditors and owed over $70,000 in debt. Now, with the right debt firm, they saved me a lot of time and stress from having to do this on my own."
Dale E
Now able to retire
"I had six credit card bills and wasn’t finding a relief point… but with help with managing my debt, I have reduced my payments to just one. Thank you, I appreciate everything you’ve done for me!"
Joel M
Married with two children
Novae's debt help program is designed to efficiently resolve your debt by significantly reducing the amount you owe. Here's how it works:
Please note that the availability and specific details of Novae's program may vary, so it's essential to consult directly with our team for accurate and up-to-date information.
For many individuals, it can indeed be highly beneficial.
If you find yourself living paycheck-to-paycheck, burdened with significant credit card balances, and struggling to meet minimum payment requirements, you are likely experiencing unnecessary stress that can impact both you and your loved ones.
By enrolling in Novae's debt help program, you not only receive assistance in eliminating your debt and regaining financial control, but you also free yourself from the stress, guilt, and worry that accompany overwhelming debt. This newfound freedom allows you to focus on what truly matters: your family, your career, your hobbies, and fully enjoying life to the utmost.
Determining the best debt relief solution for your specific circumstances requires a careful assessment of your situation.
Various debt relief options are available, each with its own advantages, disadvantages, and unique effects in the short and long term. These effects can differ for every individual or family seeking debt relief.
To assist you in finding the most suitable debt relief solution, Novae's certified Debt Specialists offer a complimentary debt assessment. They can evaluate your situation, address your concerns, and provide guidance on which debt relief option is the best fit for your needs and budget.
Novae's Debt Help program offers several avenues for saving thousands of dollars or more in your financial journey:
Novae's debt relief program not only helps you save money on interest and principal, but it also provides the advantage of making one low monthly payment immediately. Moreover, it prevents you from living with high-interest debt for an extended period, potentially sparing you from years or even decades of financial burden.
Please note that the specific savings you can achieve will vary based on your individual circumstances and the debts involved. Consulting with our team will provide you with a more accurate assessment of the potential savings you can realize through Novae's Debt Help program.
To qualify for Novae's debt help program, you need to meet the following criteria:
By meeting these requirements, you are eligible to participate in Novae's debt help program. However, please note that additional factors and eligibility criteria may apply, which can be further discussed and clarified by contacting our team directly.
Novae's Debt Help program comes with the following cost structure:
Please keep in mind that the exact details of the fee structure, including the specific percentage and state variations, should be discussed directly with our team for accurate and up-to-date information tailored to your situation.
The main difference between Debt Relief and Debt Consolidation is as follows:
Debt Consolidation: Debt consolidation involves combining multiple debts, such as credit cards, personal loans, and medical bills, into a single loan with a fixed monthly payment. Typically, this loan comes with a reduced and fixed interest rate. Debt consolidation requires a higher credit score for approval, as it involves taking out a new loan to pay off existing debts.
Debt Relief: Debt relief focuses on reducing your overall debt balance. In this process, your debts are negotiated with your creditors, resulting in the ability to pay back less than the total amount owed. This reduction is often achieved through settlements, where creditors agree to forgive a portion of the outstanding balance.
In summary, debt consolidation involves taking out a new loan to consolidate multiple debts, while debt relief aims to lower the total amount owed through negotiations with creditors, resulting in reduced payments.
The timeframe to achieve debt freedom can vary based on several factors, including the amount of debt, income level, and the creditors involved.
On average, clients enrolled in our debt help program typically become debt-free within 20-48 months. This timeframe is considerably shorter compared to the prolonged duration that may be required when making only minimum payments on credit cards. By doing so, you may find yourself trapped in debt for 10-20 years or more, and potentially paying back 2-5 times the original borrowed amount.
Choosing Novae's debt help program provides a smart alternative, allowing you to expedite your journey to debt freedom and potentially save a significant amount of money in the long run.
During the initial stage of the debt resolution process, it is normal to experience a temporary decline in your credit score.
Many clients who enroll in our program have already faced hardships that have impacted their credit score, such as high credit utilization and a high debt-to-income ratio. It's important to remember that going through a challenging financial phase and seeking debt relief may result in a temporary dip in your credit score.
However, this decline can actually be seen as a positive sign, indicating progress towards reaching settlements with your creditors.
As you continue to pay off your debt through our debt relief program, it is likely that your credit score will recover and may even surpass your pre-enrollment score. The timeline for credit score improvement depends on various factors, including the specific debts enrolled and the amount saved.
According to the American Fair Credit Council, 85% of debt settlement clients report that their credit score after completing the program is the same as or better than their score at enrollment.
It's important to note that your credit score mainly becomes crucial when you're pursuing significant purchases like a home or a car. If you're not planning such major acquisitions, a temporary dip in your credit score should not be a cause for concern. The ultimate goal is to move forward, eliminate your debt, and regain financial freedom.
At Novae, our focus is on helping you become debt-free faster and for less than what you owe, while understanding that your overall well-being and progress towards financial stability are of utmost importance.
These are all acceptable once they have gone to collections. For instance, we cannot take an auto repossession until the consumer has a deficiency balance statement. This means the automobile has been repossessed, sold at auction, and the consumer has been presented with the final owed amount. This is the difference between what the balance of the loan was and the amount the automobile was sold for.
Debt relief should be considered as a viable financial option in the following situations:
In many cases, debt settlement is a preferable and quicker form of debt relief compared to alternatives like bankruptcy or attempting to qualify for a consolidation loan.
It is important to evaluate your unique circumstances and consult with debt relief professionals, such as Novae's certified Debt Specialists, who can provide personalized guidance based on your specific situation. They can help determine if debt relief is the right option for you and assist in finding the most suitable and effective approach to address your debt.
A reputable debt relief company can be hard to find. If you are searching for proven solutions to get out of debt, then you have to find an accredited company that won’t waste your time and your money. Not only is Novae's platform partner an accredited debt relief company, but they have been in business for a long time, which means they have the expertise and resources to properly support you on your journey to become debt-free.
We encourage you to take a look at the accreditations below that prove both the expertise and the resources to provide our clients with exceptional debt relief solutions.