It can be difficult to determine whether debt settlement is right for yu.
Below is a Debt Settlement calculator that provides your payment plan estimate and compares that option against other debt relief options. We also include pros and cons to make sure you are informed.
Should you pursue debt settlement? Let's find out.
Debt settlement is a legitimate form of debt relief for individuals who cannot continue to pay their debt due to a financial hardship. Let's compare debt relief to your other options, including the cost to you and the pros and cons, so you can make the most informed decision.
There are negative implications of debt settlement, but there are also many positive attributes for those who are struggling with debt and cannot continue to make ends meet. Let's go through the pros.
With all debt relief options, there are a host of cons as well to consider when choosing whether debt settlement is rigth for you. Let's go through the cons.
There are a number of alternatives to debt settlement. Each has it's own pros and cons, so understanding these pros and cons should help you make the right decision.
As with every debt relief option, we measure the severity of that option for your credit report and credit score. Each of the options have pros and cons, but the expensiveness of the options often decreases with severity.
It depends. Debt settlement may be a good option for some, but definitely not for others. For example, in some cases, bankruptcy may be a more appropriate option if the debt is completely unaffordable.
In other situations, you do not need any debt relief and can get out of debt on your own through tighter money management.