Debt Relief: Settlement vs. Making Minimum Payments

Debt Relief: Settlement vs. Making Minimum Payments

Juggling multiple debts, in addition to paying for your other living expenses and bills, can be incredibly difficult to handle. If your funds are already stretched thin, you may only be able to make minimum payments toward your debts every month. While this can satisfy your creditors and maintain your credit score, it can take years to pay off and cost you much more in interest. 

A debt settlement program could help to cut your debt in half, but is it worth pursuing? Let’s compare the key aspects of a debt settlement program and a minimum monthly payment strategy so that you can determine what’s best for you.

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Debt Relief: Settlement vs. Debt Consolidation Loans

Debt Relief: Settlement vs. Debt Consolidation Loans

Working your way out of debt can be difficult to manage, but balancing multiple debts can seem nearly impossible. Many have found that combining multiple debts into one debt helps to streamline monthly payments and reduce the number of creditors that they’re dealing with. You can accomplish this through a debt consolidation loan or customized debt settlement program offered by Accredited Debt Relief, but which one is the most effective?

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