American Pacific Financial Services Corp.
A 501(c)(3) Nonprofit Organization
Choose Your Credit Card Debt Amount for a Free Savings Analysis and Free Credit Report
APFSC is a U.S. Department of Justice–approved 501(c)(3) nonprofit credit counseling agency. All Credit Counseling sessions are offered free of charge in compliance with federal and state guidelines.
Find the best solution for you:
Whether you need a structured repayment plan, debt forgiveness options, or pre-bankruptcy education, we provide expert guidance to help you regain control of your finances.
Debt Management Program
APFSC’s Debt Management Program offers a structured approach to tackling debt by allowing individuals to consolidate their monthly payments into a single, often lower, payment. This program also aims to negotiate with creditors to potentially reduce interest rates, which can significantly accelerate the debt repayment timeline and make monthly budgeting more manageable.
Debt Forgiveness Program
For individuals exploring options beyond traditional repayment, APFSC provides guidance on Debt Forgiveness Programs. These programs involve exploring possibilities for settling outstanding debts for a lower amount than what is currently owed or potentially having a portion of the debt forgiven altogether, depending on various factors and eligibility criteria.
How Much Can I Save?
To help individuals visualize the potential financial benefits of choosing a debt relief path, APFSC offers a helpful tool: a savings calculator. This resource allows users to input their debt information and estimate the potential savings they could achieve by enrolling in a debt relief plan, providing a clearer understanding of the possible positive impact on their financial future.
Debt Consolidation
APFSC’s Debt Consolidation service provides individuals with a simplified and more manageable way to handle multiple debts by combining them into a single loan or payment. This approach can reduce the stress of juggling various due dates and interest rates while potentially lowering the overall monthly payment. By streamlining repayment under one consolidated plan, individuals may benefit from improved cash flow, better financial organization, and a clearer path to becoming debt-free.
Debt Settlement
APFSC’s Debt Settlement service is designed to help individuals resolve their outstanding debts for less than the full amount owed. Through strategic negotiation with creditors, we aim to reduce the total balance due, providing a faster and more affordable path to financial relief. This approach is ideal for those facing financial hardship who are unable to keep up with minimum payments and are seeking an alternative to bankruptcy or long-term repayment plans.
Dive Deeper: Everything You Need to Know
Frequently Asked Questions
Still have questions? We’re here to help!
If you need more information or personalized guidance, feel free to reach out.
What is a debt relief program?
It’s a service that helps reduce or eliminate unsecured debts through negotiation or structured repayment plans.
Will this hurt my credit score?
Your credit may be temporarily impacted, but many clients see improvement after completing the program.
How long does the program take?
Most programs take 24–48 months, depending on your debt amount and monthly payment ability.
Do I need to be behind on payments to qualify?
Not always. Some programs accept clients who are current but struggling to keep up with payments.
Is debt relief the same as bankruptcy?
No, debt relief is an alternative that avoids court filings and helps resolve debt without bankruptcy.
Can I still use my credit cards?
No, active card use is discouraged during the program to support your debt resolution plan.
What is a Debt Management Plan (DMP)?
A DMP combines your unsecured debts into one monthly payment, often with reduced interest rates.
Will creditors stop calling me?
Once enrolled, most creditors stop collections and calls as payments are managed by the program.
How is this different from debt settlement?
DMPs pay off debts in full with better terms, while settlement negotiates to reduce the total owed.
Will I still owe interest?
Yes, but many creditors reduce or waive interest during the program.
Do I have to close my credit cards?
Yes, most programs require you to close credit cards to stay enrolled.
How long does a DMP last?
Typically, plans last 3–5 years, depending on your debt and payment ability.
What is debt forgiveness?
Debt forgiveness cancels part or all of your debt, typically through negotiation or hardship programs.
Is forgiven debt taxed?
Yes, forgiven amounts may be considered taxable income. Always consult a tax advisor.
Do I qualify for debt forgiveness?
Eligibility depends on your financial situation and the type of debt owed.
Can credit cards be forgiven?
Sometimes, especially in severe hardship cases or through settlement agreements.
Is this the same as settlement?
Not exactly—settlement reduces what you owe through negotiation; forgiveness may cancel it outright.
Will this affect my credit score?
Yes, but completing the process can help you rebuild credit over time.
How does a DMP help me save?
By lowering interest rates and late fees, you could save hundreds or thousands over time.
Is my monthly payment reduced?
Yes, your payment is consolidated and often lower than your combined minimums.
Do creditors reduce my balance?
Not usually—your savings come from reduced interest, not principal forgiveness.
Can I pay off debt faster with a DMP?
Yes, many clients become debt-free years earlier than on their own.
Is there a fee for this service?
Nonprofits charge low, regulated fees; often waived based on hardship.
Will I see savings immediately?
Most see benefits within the first 60–90 days after creditor proposals are accepted.
What is debt consolidation?
It combines multiple debts into one new loan with a single monthly payment.
Does this lower my interest rate?
Often, yes—especially with good credit or secured consolidation options.
Is my credit score affected?
You may see a short-term dip, but responsible repayment improves your score.
What debts can I consolidate?
Typically credit cards, personal loans, and other unsecured debts.
Will this eliminate my debt?
No, it reorganizes your debt—payoff still depends on your repayment.
Do I need collateral?
Only for secured loans like home equity-based consolidation.
What is debt settlement?
A process where creditors agree to accept less than the full amount you owe.
How much can I settle for?
Settlements often range from 40–60% of your original debt.
Does this hurt my credit?
Yes, initially—but after resolution, you can rebuild your credit.
Are all debts eligible?
Unsecured debts like credit cards and collections usually qualify.
Is there a fee?
Yes, but only after a settlement is reached—no upfront fees.
Can creditors still sue me?
It’s possible, though many stop collection once negotiations begin.
“What stood out to me was the empathy and honesty. They weren't trying to sell me anything - they just game me the facts and helped me save over $9,000 in interest”
“The interest rates were crushing me. APFSC helped cut them in half and showed me a clear path forward. I can finally breathe - and my credit score is climbing”
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“APFSC gave me the structure and support I needed. I went from juggling six credit cards to making one easy monthly payment. I paid off over $18,000 in just under 3 years!”
Monica R.
San Diego | CA