Find that you’re just not making progress on your debt, no matter how hard you try? If that’s the case, it could be time to consider your options for debt relief.
What is a debt relief program?
Debt relief tools can change the terms or amount of your debt so you can get back on your feet more quickly.
A debt relief program could involve:
-
Using a debt management plan to get changes in your interest rate or payment schedule.
-
Negotiating with creditors to settle the debt for less than the full amount owed.
But debt-relief programs are not the right solution for everyone, and its important to understand their potential risks.
When you should seek debt relief
Consider bankruptcy, debt management or debt se…
Read the full article at: https://www.nerdwallet.com/article/finance/find-debt-relief