Enrolled Debts

Enrolled debts summary:

  • Enrolled debts are debts you include in your debt resolution plan. 

  • Debt resolution companies can help with unsecured debts such as credit cards, medical debt, and most personal loans. 

Enrolled debts definition and meaning

Enrolled debts are debts you pay off through your debt resolution program. Debt resolution is the process of negotiating with your creditors to clear your debts for less than the full amount you owe. You can negotiate with creditors on your own or with the help of a professional negotiator. If a creditor agrees to let you resolve a debt for less than the full amount, the rest of the balance is forgiven. 

Debt resolution programs can help with unsecured debts, like credit cards or medical bills. You may need a minimum amount of unsecured debt to enroll in a debt resolution program. 

Key concept: Debts that are enrolled in a debt resolution program.

More about enrolled debts

Debt resolution offers a path out of debt when you have financial hardship. A professional debt resolution company could help you create a custom plan to negotiate what you owe. Enrolled debts are the debts you include in your debt negotiation plan. 

You might enroll all of your debts or just some of them in your debt resolution plan. It usually hinges on the types of debts you have. 

Enrolled debts are removed from the plan once they've been resolved. 

Enrolled debts: a comprehensive breakdown

Debt resolution could significantly reduce your debts. When you enroll a debt in your plan, a debt resolution company will take the lead on negotiating the balance down for you. 

In a debt resolution plan, you make one affordable monthly deposit into a dedicated account while debt negotiations are underway. An expert negotiator works with your creditors to reach an agreement on what you'll pay. Once an agreement is reached and you approve it, the debt resolution company uses funds from your dedicated account to resolve the enrolled debt. Then you don’t owe any more on that debt and it’s gone for good.

You can enroll unsecured debts. There's no collateral on unsecured debt. Collateral is something of value that you own. A car is the collateral for a car loan and a house is the collateral for a mortgage. Debts that you might enroll in a debt resolution program include: 

  • Credit cards

  • Department store cards

  • Medical bills

  • Personal loans

  • Private student loans

  • Collection accounts

  • Repossessions

  • Lines of credit

  • Payday loans

Some debt resolution programs require that you have a minimum amount of debt to resolve. For example, Achieve works with people who have at least $7,500 in unsecured debt. 

Enrolled debt balances may increase while you're in the plan. That could happen if interest or fees accrue and/or you stop making payments to your enrolled debts. 

Still, debt resolution could significantly reduce what you owe. And you could get rid of debt faster than by making minimum payments. Most Achieve Resolution clients resolve their first debt within a few months after starting the program. It typically takes anywhere from 24 to 48 months to complete a debt resolution program. 

Types of debt you can't enroll

Certain debts can't be negotiated through a debt resolution program. Most often, these are debts that are secured by collateral or debts you owe to the government. 

Debts you typically can't enroll include:

  • Auto loans

  • Other secured vehicle loans, like RV loans or boat loans

  • Mortgages

  • Home equity loans and home equity lines of credit (HELOCs)

  • Secured personal loans or lines of credit

  • Business loans secured by vehicles, equipment, or other business assets

  • Tax debts 

  • Utility bills

  • Judgments

  • Federal student loans

If you need help with these types of debt, go right to the source. Talk to your lenders (or in the case of tax debts, the IRS) to find out what solutions might be available to you. 

If you have federal student loans, you might be able to delay payments for a while or get a lower payment. If you owe a lawsuit judgment, you may need to explore whether bankruptcy is the best way to get rid of the debt. 

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Enrolled Debts FAQs

Debt solutions can include debt consolidation, debt management, debt resolution, and bankruptcy. The solution that you choose depends on what type of debt you have, how much you owe, and your overall financial situation.

Start by saving up the amount of money you want to offer, then call your creditors, explain your hardship, and ask them to agree to the lower amount. Creditors might agree if they believe you can’t afford to repay your debts in full. Because negotiations can be lengthy and stressful, some people let a professional debt resolution company help. Expert negotiators can contact creditors on your behalf and work out an agreement to pay less than what's owed. As a bonus, negotiators may already have a relationship with your creditors, and might get a better outcome than you could get for yourself. You’re then free to focus on other things without dealing with the hassle of calling creditors.

Achieve Resolution is a proven program where a team of experts work with creditors on your behalf to reduce the amount you owe. This allows you to pay off debts faster than making minimum monthly payments and keeps more money in your pocket.

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Personal loans are available through our affiliate Achieve Personal Loans (NMLS ID #227977), originated by Cross River Bank, a New Jersey State Chartered Commercial Bank, Equal Housing Lender. Loan applications are subject to credit review, underwriting criteria, and approval. Loans are not available in all states and available loan terms/fees may vary by state. Loan amounts range from $5,000 to $50,000. For loans $35,000+ must have a minimum 660 credit score. APRs range from 8.99% to 29.99% and include applicable origination fees that vary from 1.99% to 8.99%. Repayment periods range from 24 to 60 months. Example loan: four-year $20,000 loan with an origination fee of 8.99%, a rate of 15.49%, and corresponding APR of 20.77%, would have an estimated monthly payment of $561.60 and a total cost of $26,966.26. To qualify for a 8.99% APR loan, a borrower will need excellent credit, a loan amount less than $12,000.00, and a term of 24 months. Adding a co-borrower with sufficient income; using at least eighty-five percent (85%) of the loan proceeds to pay off qualifying existing debt directly; or showing proof of sufficient retirement savings, could help you also qualify for lower rates. Loan Consultants for Achieve Personal Loans are available Monday-Friday 6 AM to 8 PM AZ time, and Saturday-Sunday 7 AM to 5 PM AZ time.

Home Equity loans are available through our affiliate Achieve Loans (NMLS ID #1810501). Equal Housing Opportunity. Offers may vary and all loan requests are subject to eligibility requirements, application review, loan amount, loan term, income verification, and lender approval. Product terms are subject to change at any time. Offers are a line of credit. Loans are not available to residents of all states and available loan terms/fees may vary by state where offered. Line amounts are between $15,000 and $300,000 and are assigned based on product type, debt-to-income ratio and combined loan-to-value ratio. 10, 15, 20, and 30-year terms available. Minimum 600 credit score applies for debt consolidation requests (20 and 30 year terms require a minimum credit score of 640), minimum 700 applies for cash out requests. Other terms, conditions and restrictions apply. Fixed rate APRs range from 6.74% - 14.75% and are assigned based on underwriting requirements and offer APRs assume automatic payment enrollment which may provide a discount (autopay enrollment is not a condition of loan approval). All terms have a 5-year draw period with the remaining term being a no draw period. Payments are fully amortized during each period and determined on the outstanding principal balance each month. Closing fees range from $750 to $6,685, depending on line amount and state law requirements and typically include origination (3.5% of line amount) and underwriting ($725) fees if allowed by law. Property must be owner-occupied. Combined loan-to-value ratio may not exceed 80% (20 and 30 year debt consolidation requests may not exceed 75%), including the new loan request. Property insurance is required and flood insurance may be required if the subject property is located in a flood zone. You must pledge your home as collateral. Loan funding time is dependent on full application and documentation submission, average funding time is 11 business days for 2025, including rescission. Monthly/yearly savings claim is based on average monthly debt savings from originated loans for Q4 2024. Monthly/yearly savings varies based on each loan situation and can be more or less than $800/$10,000. Requirements to obtain 6.74% APR include: debt to income ratio <=15%; cumulative loan to value <= 50%, including new request; loan amount between $15,000 and $150,000; term of 10 years; FICO of 800+; and automatic payment enrollment. Contact Achieve Loans for further details

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Resolution is available through our affiliate Achieve Resolution (NMLS ID # 1248929). All estimates for Achieve Resolution’s services are based on prior results, which will vary depending on your specific enrolled creditors and your individual program terms. Not all Achieve Resolution clients are able to complete their program for various reasons, including their ability to save sufficient funds. Achieve Resolution does not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. Achieve Resolution does not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Achieve Resolution’s services are not available in all states, including New Jersey, and their fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials prior to enrollment. The use of Achieve Resolution services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements Achieve Resolution obtained on your behalf resolve the entire account, including all accrued fees and interest. C.P.D. Reg. No. T.S.12-03825.

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