If youre drowning in debt, you might be feeling a sense of helplessness. Youre not alone. U.S. households carry an average of $110,095 in debt, according to data from the Federal Reserve and U.S. Census Bureau.
Your borrowing options are probably limited because of how much debt you have, and your credit is likely suffering.
At this point, the only thing thats going to help you get back on your feet is to start tackling your debt. To help you determine the right strategy, were comparing two popular options: a debt consolidation loan and a debt management plan.
Find out which approach is right for you based on how much debt you have, the type of debt you have, and your credit situation.
Debt consolidation loan
Debt consolidation can …
Read the full article at: https://studentloanhero.com/featured/debt-consolidation-loan-vs-debt-management-strategy-right/
