Quick answer: The best debt settlement company is one that charges no upfront fees, puts every fee and risk in writing, is accredited by the AADR or IAPDA, and is honest that settlement will damage your credit and that forgiven debt can be taxed. Most ‘best companies’ lists rank providers that pay the site a…
Quick answer: Credit counseling puts you on a debt management plan where you repay everything you owe, just at a lower interest rate, over three to five years. It protects your credit but only works if you can afford the monthly payment. Debt settlement negotiates your balances down to less than you owe, which damages…
Quick answer: Debt settlement is when you or a company negotiate with a creditor to accept less than the full balance you owe, paid as a lump sum. It can cut what you owe, but it works by having you stop paying first, so your credit takes a bit of a hit before anything settles….