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A recent Bankrate survey found that over a third of U.S. adults have more credit card debt than emergency savings the highest level in 12 years. If you too are struggling with debt, applying for debt relief can make your payments more manageable, plus help you tackle your balances faster and even save you money on interest down the line.
Key takeaways
- Debt consolidation, debt management and debt settlement are the three most common types of debt relief.
- To choose the right debt relief plan, you’ll need to assess your credit accounts, in addition to your financial situation and credit score.
- Once you find the right debt relief approach, you’ll need to gather a series of documents, including stateme…
Read the full article at: https://www.bankrate.com/personal-finance/debt/how-to-apply-for-debt-relief/