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Debt Consolidation or Debt Settlement Which Is Better For You »

Posted by: bocasteve 1 year ago

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The two most popular forms of debt relief are debt consolidation (also known as credit counseling) or debt settlement (also known as debt negotiation). One is not necessarily better than the other, what it really comes down to is which is better for your particular financial and debt situation. Learn more to help you make a more wise decision.

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fierceinla6 months, 1 week ago

I think that the better approach for the scenarios outlined in this post would be a debt management program. Also known as a DMP, this type of program allows consumers to repay their debt over time and are generally viewed as favorable by both the account holders and the credit bureaus alike. Debt settlement, on the other hand, can be a slippery slope and wind up hurting your credit in the long run. Debt consolidation is good but often requires some sort of equity like from a home.
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