Debt relief companies, sometimes called debt settlement companies, are one option for those struggling with credit card debt, tax debt, personal loan debt, and other types of unsecured debt.
These companies can help you manage certain types of debt, but they won’t be the right solution for everyone. Debt relief companies can’t help with secured loans, which usually include mortgages and auto loans. And while you might think nothing’s more damaging to your finances than out-of-control debt, rushing into an agreement with a debt relief company can create a whole new set of problems.
Here’s what you need to know about this service and whether it’s right for you.
What is debt relief and how does it work?
Debt relief companies, prog…
Read the full article at: https://www.cnbc.com/select/what-are-debt-relief-companies/