Credits are generally a way to achieve the goals and objectives that people set for themselves throughout their lives. On many occasions they allow you to achieve objectives that require an amount of capital that would not be possible to obtain otherwise. However, if they are not managed correctly, they can become a major headache to resolve. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay With a loan you not only receive the money, but also a series of responsibilities which if not met can lead to consequences such as the payment of default interest, negative reports to credit agencies, collection actions by creditors , embargoes, loss of tranquility, health problems, among others. No one is exempt from going through a difficult financial situation caused by job loss, illness, bad business deals, theft or mismanagement of personal finances. That's when the money stops coming, and little by little the arrears in payments begin, interest generated by delays, collection calls, loss of sleep and endless problems. But what is the solution? There are some alternatives. The first, the refinancing of debts, a method that introduces changes to the conditions of the financing already granted (duration and rate), an option that can be adopted even before a delay occurs. The second is the purchase of a portfolio, that is, when a financial institution acquires all the obligations that a debtor had, after several credit studies, and becomes his new creditor. With this method, all debts with the same bank are consolidated and a new, generally higher, interest rate is agreed upon. However, when peace of mind is lost, we do not have sufficient resources to cover the monthly installments offered by the bank, and there is a delay in the payment of bonds, there is a new reliable and safe alternative that has recently entered the country, showing growth constant over the years: credit repair." It is an innovative model that helps people resolve debts that are in default with banks. Initially, the idea is to generate a culture of financial planning in users, so that through saving can cover these obligations with their own resources without having to resort to other forms of credit which, in the end, could worsen the over-indebtedness situation, "says Rodrigo Nadal, director of the first credit repair service in Colombia, Solve Your Debt. Fix Your Debt's credit repair program focuses on people who are over-indebted, are in default, and do not have the financial solvency to continue with minimum payments, but still intend to pay obligations and re-enter the credit system through planning finance based on savings. There are many benefits to being eligible for a repair program. Some of the advantages offered to Resolve Your Debt customers are preventive legal and financial advice, during and until the end of the request; the design of a savings plan based on each person's abilities, which is delivered into a voluntary savings fund in their name at Allianz, an entity regulated by the independent Financial Superintendency of the repairer; during the savings period, Resolve Your Debt consultants channel collection calls and take care of all the negotiation phases with banking institutions to reach payment agreements, in which they can obtain discounts of up to 50%. With this savings the person will be able to pay off each of their debts in a pre-established period, without having to resort to.