Debt resolution is not a loan and it’s not bankruptcy. It’s sometimes referred to as debt settlement, debt consolidation, or debt negotiation. The goal of a debt resolution plan is to pay back what you can afford and to resolve your debt in a reasonable amount of time. Debt resolution has many benefits. It provides short-term relief with a lower monthly payment and long-term relief by saving money and getting you out of debt in a shorter period of time than you could on your own.