Rescue One Financial Reviews

Rescue One Financial is a privately held company that helps people manage their debt problems. It is not a lender and, therefore, does not offer debt consolidation loans. Instead, experienced financial counselors negotiate with creditors on your behalf to reduce what you owe or create a better payment plan. Rescue One Financial’s average debt resolution plans have debt paid off in two to four years.

Rescue One Financial’s process is designed to help you regain control of your finances through a step-by-step approach:

1. Free consultation: A financial advisor assesses your situation and explains your options.
2. Customized debt plan: Advisors customize a personalized debt settlement or relief plan.
3. Creditor negotiation: Reps negotiate with creditors to lower interest rates and eliminate fees.
4. Payment: You set up monthly payments to pay off the debt.
5. Ongoing education and support: Guidance and support help keep you on track with payments.

Rescue One Financial offers several services to help its clients manage and eliminate debt, and financial education uses resources and tools to improve financial literacy.

• Debt relief programs are designed to help reduce financial burdens. Sometimes called debt settlement or debt resolution, debt settlement is an agreement between you and a creditor to lower how much debt you owe.
• Credit counseling is professional financial advice to help you improve habits and avoid future debt.

Rescue One Financial debt relief program costs vary based on your debt amount and services. However, it doesn’t charge an upfront fee, and consultations are free. Debt settlement companies generally charge fees equal to 15% to 25% of the amount of debt you enroll. For example, if you enroll $20,000 and settle for $10,000, expect to pay $3,000 to $5,000 in debt settlement fees.

Yes, Rescue One Financial is a legitimate debt relief company. Its service could be a good option if you’re looking to settle debt and avoid debt in the future. It’s best if you’re struggling with high-interest debt and need assistance reducing your overall debt balance.

However, debt relief is not ideal in every situation. You should be aware of eligibility requirements, credit score impacts, fees and state restrictions. It’s important to carefully assess your financial situation and understand the full scope before committing to a debt relief program.

» MORE: How to avoid debt relief scams