All debt relief options share a common goal: to help individuals and their families get out of debt. Although their purpose is the same, they can have varying effects on your short and long-term financial health. Comparing debt settlement vs. other relief options like debt consolidation loans, bankruptcy, and making minimum payments can help you choose the best method for your needs, including reducing your monthly payments.
Debt Settlement vs. Debt Consolidation Loans
Debt settlement allows you to pay off your debt for less than you owe while also combining and lowering your monthly payment obligation, by up to 50%.
A debt consolidation loan also combines your monthly payments on multiple debt…
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