Debt Relief & Consolidation
Feeling overwhelmed by debt? There are real options to help you regain control. Let's explore what might work for your situation.
Understanding Your Options
Not all debt solutions are created equal. The right choice depends on how much you owe, your credit score, your income, and whether you can realistically pay off what you owe.
Good Credit?
Consider consolidation loans or balance transfer cards for lower rates.
Struggling to Pay?
Debt management programs negotiate lower rates without hurting credit.
Severely Behind?
Settlement may reduce what you owe, but impacts credit significantly.
Debt Consolidation Loans
Combine multiple debts into one loan with a fixed rate and payment. Best for those with fair to good credit who can qualify for a lower rate than they're currently paying.
Personal Loan Marketplace
Compare offers from multiple lenders with one application. No impact on credit to check rates.
- APR from 6.99% - 35.99%
- Loans $1,000 - $100,000
- Soft credit check to compare
Won't affect your credit score
Credit Union Consolidation
Member-owned institutions often offer lower rates than traditional banks.
- Lower rates than banks
- Flexible terms
- Membership required
On partner's secure site
Online Lender
Quick approval process with funds as soon as next business day.
- Next-day funding available
- Direct payment to creditors
- No prepayment penalty
On lender's secure site
Debt Management Programs
Work with a nonprofit credit counseling agency that negotiates with creditors on your behalf. You make one monthly payment to them, and they distribute to your creditors.
Credit Counseling Service
Free initial consultation. Accredited nonprofit that's helped thousands get out of debt.
- Reduce interest rates
- Waive late fees
- One monthly payment
- Debt-free in 3-5 years
No obligation, no credit impact
Is Debt Management Right for You?
Debt Settlement
Negotiate to pay less than you owe. This can significantly impact your credit and should be considered carefully. Best for those who are severely behind and cannot realistically pay what they owe.
Important Considerations
- • Debt settlement will likely hurt your credit score significantly
- • You may owe taxes on forgiven debt
- • Creditors may continue collection efforts during negotiation
- • Not all creditors will negotiate
- • Watch out for companies that charge high upfront fees
Debt Settlement Program
Professional negotiators work with creditors to reduce what you owe. Only pay fees on successfully settled debts.
- Reduce debt by 40-60%
- No upfront fees
- Free consultation
See how much you could save
Before Considering Settlement
Make sure you've explored other options first:
- 1 Talk to a nonprofit credit counselor (free consultation)
- 2 Ask creditors about hardship programs directly
- 3 Consider if consolidation could work for you
- 4 Consult with a bankruptcy attorney (often free)
Compare Your Options
| Option | Credit Impact | Timeline | Best For |
|---|---|---|---|
| Consolidation Loan | Minimal/Positive | 2-7 years | Fair to good credit, want lower rate |
| Balance Transfer Card | Minimal/Positive | 12-21 months | Good credit, can pay off quickly |
| Debt Management | Minor negative | 3-5 years | Want to pay in full, need lower rates |
| Debt Settlement | Significant negative | 2-4 years | Severely behind, can't pay in full |
| Bankruptcy | Severe negative | 3-6 months | No other options, need fresh start |
Not Sure Where to Start?
Take our quick quiz to get personalized recommendations based on your situation.
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