Lower interest rates allow you to more quickly pay off your debts.
These debt relief programs don’t have a negative impact on your credit but may limit your credit options for their durations.
Because there is no general industry consensus as to what the best ways to manage debt are, we have narrowed down your options.
Many of these options work hand in hand with or as part of a larger debt reduction program, but in general, these are your choices: Debt Settlement: Settlement is the process of negotiating with your creditors in hopes of reducing the total amount of debt you owe them.
Certain unsecured debts, like student loans or payday loans, may not be eligible for consolidation.