Getting out of debt can be a difficult process. While debt consolidation can help those wanting to pay off credit card debt or other types of debt, sometimes you need professional help. Two popular options are debt settlement companies and debt management services, but they each offer very different paths to solvency.
Here’s what you need to know about the differences between debt settlement and debt management, and how to tell which option is right for you.
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Debt settlement can reduce what you owe, but comes with risk
The promise of debt settlement companies, also called debt relief companies, is that they can negotiate with your creditors so you can ultimately pay less…
Read the full article at: https://www.cnbc.com/select/debt-settlement-vs-debt-management-plan/