If you are struggling with paying off your debt, it may be a good idea to look into ways to make it easier for you. Debt settlement or debt consolidation may be one of the two ways you can pay off your debt.


Learn how Freedom Debt Relief, the biggest debt negotiator in the US, can help you settle unsecured debts like credit cards.
Learn how Accredited Debt Relief can help you cut your monthly payments in half to pay off debts by enrolling in their debt relief program.
Consolidated Credit is a nonprofit with over 30 years of experience, offering credit counseling, housing counseling and financial resources.
Debt settlement can help you reduce unsecured debts, like credit cards. If you worry about your payments, contact a firm to help you today.

Debt Settlement

Debt settlement can help you regain your financial freedom. If you’re already in debt, you know it can feel as though you’ll never get out. With the help of a supportive and proven debt settlement company, you’ll find the same solution thousands of others have: peace of mind.

Debt Consolidation

Debt consolidation, not to be confused with debt settlement, is just like it sounds. It’s a simple way to use a personal loan to consolidate multiple unsecured debts (like credit cards, medical bills, payday loans) into one monthly bill. For example, instead of making payments to multiple creditors, you make a single payment to the debt consolidation loan’s lender instead.

Debt Consolidation vs. Debt Settlement

Debt consolidation: Debt consolidation is where a personal loan is used to convert revolving debt (like credit cards) to installment debt, potentially with a lower interest rate.

Debt settlement: Also known as “debt reduction”, debt settlement is where a company negotiates a lump-sum payment with your creditors for less than what you owe.
If debt reduction is what you’re after, be certain that you choose one of the top reputable debt settlement companies to avoid scams and ripoffs.

Debt Solutions

Review debt settlement companies that can help you pay off debt and other solutions to manage and get rid of your debt.

Benefits of Paying Debt

Handled responsibly, a personal loan has several financial benefits that include:

  • Lower credit utilization rate
  • Improved credit score
  • Better chances of qualifying for lower interest rates in the future

Lastly, here are a few things to keep in mind about using a personal loan to manage your debt:

  • There’s no guarantee that your interest rate will be lower. That’s why it’s important to shop around to see the available options.
  • Debt consolidation restructures debt, and it doesn’t eliminate it.
  • To pay down debt effectively, it’s important to practice good spending behavior and form better credit and money management habits.

Pay off your debt

Popular Debt Guides

Why You Need A Debt Settlement Expert To Settle Your Debt

Debt Settlement or Debt Consolidation: Which One is Right for You?

Evaluating Debt Settlement Pros And Cons

Latest Debt Articles