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 manage your debt. Once you know your credit score and have a comprehensive overview of your debt, you’re ready to start tackling goals. While becoming debt free is probably your main goal, it’s best to start smaller, based on your situation. That’s where the expertise of a debt relief expert comes in handy!

Who it’s meant for and what it does

Debt relief is a solution for individuals that want to manage multiple types of debt with a single monthly payment. A debt relief company will negotiate all your debts to help you get better monthly payments and interest rates. They may even be able to negotiate down some of your current debts. Then, you’ll pay your debt relief company one monthly payment to go toward all your debts. Debt relief providers will typically charge a fee for services, so be prepared to spend just a little of money for that expert advice and actionable steps to improve your situation!

Benefits of Debt Relief:

  • A single monthly payment
  • Negotiate your existing debt
  • Potential reduction in interest rates
  • A unique program just for you

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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