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Key takeaways. Debt relief is a method of restructuring debt to make it easier for you to pay it back. You can get debt relief from lenders, debt relief companies and credit counseling agencies.
Debt consolidation. Debt consolidation combines multiple debts under a new personal loan or credit card to streamline repayment. Consolidating makes the most sense if you qualify for a lower rate ...
Debt Consolidation Pros and Cons. Pros: Simplified monthly payments. Potentially lower interest rates (average reduction of 5-10%) Maintained or improved credit score if payments are made on time
Debt settlement is a process that lets you settle large amounts of debt for less than you owe, and it is offered through for-profit debt settlement companies. Typically, these programs ask you to ...
Key takeaways. Debt relief can take three forms: debt settlement, consolidation and management. Working with a debt management company can result in less debt or a faster payoff — but there are ...
Operating as a 501(c)(3) nonprofit since 1994, Consolidated Credit Solutions has helped over 10 million people get out of debt. The agency offers a wide range of options for managing debt and ...
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