Debtvantage Wants to Provide Me With a Hardship Program to Consolidate My Credit Card Debt


Dear Steve,

I received a letter from a company called DVI (Debtvantage Inc.) claiming they want to provide a hardship program for me to consolidate my credit card debt with no interest/no fees.

Obviously this seems very intriguing as I could consolidate all of my debt into a manageable payment. But it also seems too good to be true. Have you heard of this before? Do you feel it is an unrealistic option or even a scam?



Dear Brandon,

In looking at DebtVantage.com it looks like they are a debt settlement company.

Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.

They say, “The use of debt settlement 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 we obtain on your behalf resolve the entire account, including all accrued fees and interest.”

And that is all entirely true. Debt settlement can be a good option in the right situation but it really depends on what the situation is. It is certainly not a mass mailer one-size-fits-all solution.

I could do a whole bunch of research here but I would recommend that anyone, including you, considering using such a company should read the following free guides.

  1. The Ultimate Consumer Guide to Checking Out a Debt Relief Company Before You Sign On the Line
  2. 10 Must Do Steps to Find the Best Credit Counseling or Debt Settlement Company for You
  3. How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off

I don’t know what a scam or too good to be true means to you but it makes logical sense to research your options before you leap at any one of them.

If you want to review what the major debt relief solutions are, click here.

I did do a quick search and found their listed office address of 111 Congress Ave Suite 400 Austin, TX 78701 is a virtual office space. It is not clear exactly where they are physically located. Ryan Duncan is listed as the president of the company. – Source

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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5 thoughts on “Debtvantage Wants to Provide Me With a Hardship Program to Consolidate My Credit Card Debt”

  1. I’d rather go for bankruptcy than be scammed.
    I’m 61, physically and emotionally disabled in a work-related “accident,” and live on $200 a week from Workers Comp. Due to these circumstances, I allowed myself to get into debt via credit/department store cards.
    Thank you for your site.

  2. Do your research on this guy, Ryan Duncan. He lives the high life by scamming people. He lives in Bradenton, Florida on his Jubilee Organics, $3,000,000.00 farm property. He’s been busted before, but simply starts up a new company and off he goes.


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