What is Debt Relief ?

Don't let debt overwhelm you

Living with debt can be very stressful, not only to you but also to your bank account. Luckily, you don't have to suffer. There are services out there that can help you consolidate your debt and manage your payments. Debt consolidation is a service in which companies can negotiate your debt on your behalf. If you find yourself struggling with debt payments and have already accumulated a significant amount of prior debt, then debt consolidation could be the right service for you.

Who it is meant for and what it does

Debt consolidation is for those struggling with their monthly payments on credit cards, personal loans, auto loans, student loans and their mortgage. Identifying your problem and consolidating your debts early can be very beneficial. Debt consolidation companies can negotiate with creditors to combine all your debts into one loan and lower your interest rate so that you are able to make just one monthly payment. It offers a good solution to consumers that are falling behind on their payments, as it allows them to make just one monthly payment instead of several, have the lowest interest rate possible, and gives them the ability to pay off the debts in a manageable manner that may even allow them to save some extra cash.

Benefits of Debt Relief

  • A single monthly payment

  • Negotiate your existing debt

  • Potential reduction in interest rates

  • A unique program just for you

debt-relief

Keep track of your Credit Score - For Free

At LendingTree, we want to help you monitor and improve your credit. Each month, we'll give you your credit score for free in addition to evaluating your credit score and current debt to see if there is any room for savings. If we find savings, we'll send you an alert via email.

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