Credit is generally a means to achieve the goals and objectives that people set throughout their lives. In many cases, they achieve goals that require an amount of capital that would not be possible to obtain otherwise. However, if not handled correctly, they can become a real headache to solve. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get an original essayWith credit, not only money is received, but also a series of responsibilities which, if not fulfilled, can entail consequences such as the payment of default interest, unfavorable reports to credit rating agencies, recovery actions from creditors, embargoes, loss of tranquility, health problems, among others. No one is safe from going through a difficult economic situation caused by job loss, illness, bad business, theft or poor management of personal finances. It is in those moments when the money stops arriving, and little by little the arrears begin, the interest generated by the delay, collection calls, loss of sleep and endless problems. But what is the solution? some alternatives. The first, the refinancing of debts, a modality which introduces changes in the financing conditions already granted (duration and rate), this option can be taken even before there is a delay. The second is the purchase of a portfolio, that is to say when a financial institution acquires all the obligations that a debtor had, after several credit studies, and becomes his new creditor. With this modality, all debts are unified with the same bank and a new interest rate is agreed, usually higher. However, when peace of mind is lost, we do not have enough resources to cover the monthly payments offered by the bank. , and there is a delay in the payment of obligations, recently there is a new reliable and safe alternative that has entered the country, showing constant growth over the years: credit restoration. "It is an innovative model that helps people resolve debts that are in default with banks. Initially, the idea is to generate among users a culture of financial planning, so that through savings, they can cover these obligations with their resources without having to resort to other forms of credit which, ultimately, could worsen the situation of overindebtedness", says Rodrigo Nadal, director of the first repair service. credit in Colombia, Solve your debt. Solve your Debt's credit repair program is for people who are over-indebted, delinquent and do not have the economic solvency to continue making their minimum payments, but still intend to pay their obligations and re-enter the credit system through financial planning based on savings. There are many benefits to being eligible for a repair program. Some of the benefits Resolve Your Debt clients receive are up-front legal and financial advice, during and until the end of your application; the design of a savings plan according to the capacity of each person, which is recorded in a voluntary savings fund in their name at Allianz, an entity regulated by the Financial Superintendence independent of the servicer; During the savings period, Resolve Your Debt advisors channel collection calls and take care of all stages of negotiation with banking entities to reach payment agreements, in which they can.