Settling a debt can provide relief for your finances, but the impact it has on your credit score may surprise you.

A debt settlement program can spell major repercussions on your credit scores since you're withholding payments from your creditors, which can put you in serious delinquency. When you settle debt ...

and most debt settlement companies will only work with clients with at least $7,500 in debt. The programs can come with high fees, a hit to your credit score and even the risk of legal action.

Debt settlement has major risks but can be a last-ditch option for those buried in debt. U.S. News provides advice on which ...

Having a portion of your debt forgiven can offer big relief, but it's not the only debt relief route you can take.

Settling a loan may alleviate financial stress, but it's crucial to know its potential negative effects on your credit score and ... the forgiven debt amount in a settlement can be considered ...

Payment history makes up 35% of your FICO credit score, so enrolling ... provide similar debt settlement services, taking time to compare their fees and program specifics is worth the effort.

Managing debt and credit can be overwhelming, particularly when left untouched. Debt settlement and credit repair companies have long been part of the financial landscape, but understanding what they ...