Key takeaways
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Using a debt consolidation loan to combine your existing debt can help you streamline your monthly payments and save on interest.
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Other debt relief strategies like debt settlement and bankruptcy should only be used as a last resort since they can cause serious harm to your credit profile.
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A credit counselor can create a debt management plan for you (DMP) this plan can help you pay off debt within two to five years.
Have you tried different approaches to pay down your debt but arent having much luck? Or maybe your monthly debt payments are too much for your budget. Either way, youve likely considered researching debt relief options to get your finances …
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