Many of these options work hand in hand 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 that you owe them.
With more and more Americans facing large medical bills, job loss, and other financial setbacks, credit card debt is higher than ever.
And, with interest rates and late fees, its not unusual for people to get in over their heads.
When considering student loans, be sure to borrow only what you need and compare all of the different kinds of loans for college available to you before you borrow.
Remember, outside of purchasing a home, borrowing to pay for higher education is likely to be one of the biggest expenses of your life.
There are two primary sources of student loans – the federal government and private lenders.
You'll want to exhaust federal loans first before applying for private student loans.When you start pursuing debt management options, you may get many mixed messages from those in the debt relief industry.Because there is no general industry consensus as to what the best options are, we have narrowed down your options.Sign up for news & updates and we'll keep you posted on the latest!Share One in ten Americans are having their wages garnished according to Automatic Data Process Inc.Debt consolidation companies communicate with your debtors to negotiate lower rates on your behalf.