Debt Relief Options

The first question you need to ask when trying to take control of your debt situation is “What are my options?”.  As it turns out, there are hundreds of ways to deal with debt but these all fall into six main categories.  Those categories include:

  1. Paying creditors as agreed
  2. Bankruptcy
  3. Debt consolidation
  4. Debt roll-up (also called debt snowball)
  5. Credit counseling
  6. Debt settlement (also called debt negotiation)

The option that is best for you will depend on your current situation as well as your longer term goals.  Click on each option above to learn more about them.

After reading the information above, if you are still having a problem making a decision, use our decision tree to take the emotion out of your decision.  Click Here to use the decision tree.

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