Debt settlement can balance using a lump sum with addressing debts, pursuing education, and elevating financial well-being.

Debt settlement, aka debt relief, debt resolution or debt negotiation, means contacting your creditors and asking them to ...

Debt forgiveness can provide relief for some seniors, but it's important to know when it is and isn't a wise move.

The hope that interest rates would continue to be cut in 2025 was high on January 1, following three rate cuts in the final ...

When I lost my job in 2023, I ended up deep in debt. I pursued a debt relief program, and it has saved me an enormous amount ...

Find out the impact of debt consolidation on credit scores. Discover ways to consolidate debt, key factors to consider, and explore alternatives.

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 ...

Most debt settlement programs, by contrast ... Debt settlement is likely to have an impact on your credit score; the settlement will be reflected in your credit report for up to seven years.

However, a Freedom Debt Relief program can help encourage positive credit habits, which over time could help improve your credit score. The debt relief company conducted a study and reported that ...

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.