Illinois debt relief programs

Golden Financial Services is one of the best Illinois debt relief companies – Great Reviews on Yelp & A+BBB Rated – CALL 1-866-376-9846 TO SPEAK WITH A SPECIALIST

Illinois Debt Relief Programs – offered at Golden Financial Services Include: 

  • Debt settlement and debt consolidation for unsecured debts -including credit cards, student loans, bank loans and just about any unsecured debt collection accounts.
  • Student loan relief programs for private and federal student loans.
  • Debt validation to dispute unsecured debt collection accounts – forcing debt collectors to verify, validate and prove their claims.

At Golden Financial Services, Illinois debt relief, consolidation and settlement services have been assisting consumers for over thirteen years now. We are your one-stop shop for debt relief. Illinois residents will have a chance to speak with a debt relief expert and learn about all of the different programs that are available in the state of Illinois. Debt settlement programs can address just about any unsecured debt. However, in some cases we will recommend debt validation over debt settlement, as it can be less expensive – and a more efficient option. Our concept with debt validation is – “why settle a debt if the debt collection company cannot verify or validate it?”.

When we say “validate,” we are referring to;

A. Provide the necessary documents to prove the debt collector can legally collect on an alleged debt.  A few examples of what they must provide include – their Illinois debt collector license – the original credit card contract signed – a 15-page debt collector disclosure statement – accurate accounting statements to ensure there are no unauthorized charges – and many other documents could be required if requested. If the debt collection company can’t provide certain documents required by law, they can no longer legally collect on an alleged debt – or report the unverifiable information to the credit reporting agencies.

There are federal laws including the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, the Credit Card Act and several other laws that protect consumer rights – and that debt collection and credit card companies must obey.

Debt Settlement – Illinois 


A. Reduce the balances on credit cards and unsecured debts – which no other Illinois debt relief program does.

B. Provide one single monthly payment – typically lower than what it would be with a debt consolidation or consumer credit counseling program.

C. Resolve all unsecured debt within 24-42 months on average – one of the quickest routes to becoming debt free if a client makes all of their scheduled monthly payments.

Downside or risks to be aware of: 

A. Since only one debt at a time is settled and paid off, it is important to make sure your budget is carefully reviewed to ensure that you can make it through the 24-42 month program.

B. Creditors don’t have to agree to a settlement, and they could file with the court to issue a summons. In this case, what is the debt settlement company’s plan of action if either of these cases occurs?

C. Creditors may call and harass if the debt settlement program is not an attorney model plan.

D. While waiting for all debts to be settled and resolved, interest and fees will accumulate on the other debts that have not yet been paid. Is the debt settlement company explaining this to you and taking this into consideration when quoting you an estimated savings?

E. Payments must be delinquent for debt settlement to work – and not paying your bills each month can lower credit scores. Therefore, if a person has a high credit score and low debt to income ratio, debt consolidation may be a better route.

To see a full list of Illinois debt settlement program disclosures visit this page next. 

Debt Consolidation – Illinois

Debt consolidation is a loan that is used to pay off all other debts – allowing debtors to have only one new low-interest loan to pay back.


A. With debt consolidation loans – this allows a person to have only one single monthly payment. Having to manage multiple monthly payments can be difficult to maintain. Therefore this is a definite benefit of debt consolidation.

B. Can reduce interest rates.

C. Can be debt-free in around 4-6 years on average.

Downside or risks to be aware of: 

A. Some debt consolidation companies charge high fees and interest – which defeats the point of getting a debt consolidation loan.

B. Illinois debt consolidation alternative lending businesses may charge high fees are leading a person to pay a significant amount more than their balance is owed.

C. The new loan’s monthly payment will not be much or any lower than if the debtor was to continue paying minimum payments.

D. Low-interest debt consolidation loans are difficult to get approved for, especially if a person has a high utilization of credit ratio, low credit score, and high debt.

Debt Relief Scams in Illinois

The best way to avoid getting scammed is to do your research on the company. Do they have complaints at the Better Business Bureau? Do they have an “A,” “B,” “C” or worse rating? Does the company have any government action against them? Do they have good reviews online? Is there any assurance of performance or guarantee included?

Illinois debt relief programs can be your life-saver but like with anything it is imperative to do your complete diligence on a company – to ensure they have a long track-record of success.

Illinois Debt Relief, Consolidation and Settlement Company

Golden Financial Services offers a variety of programs. Most companies offer one or two programs and often will try to force an applicant into those programs even if they are not right for an individual, just to make a sale. At Golden Financial Services we’ve aligned ourselves with industry leading debt relief partners that can assist consumers in debt settlement, debt validation, debt consolidation and consumer credit counseling.

Golden Financial Services has Zero BBB Complaints.

Best Illinois Debt Relief, Settlement and Consolidation Company -

Rated A+ Debt Relief Company at the Better Business Bureau with ZERO Complaints.

Illinois Debt Relief Programs are a Phone Call Away, Call 1-866-376-9846 Now. Or start by filling out the form on the upper right-hand side of this page and get a quote for the different Illinois debt relief programs right online.