What are the benefits of a debt relief program?
- Simplify things by making just one payment.
- Many creditors will be able to help you out with lower interest rates.
- Fewer collection calls.
- Eliminate fees.
- Freedom from debt.
How long does it take to recover from a debt relief program?
In general, a debt settlement program takes about 18-48 months, depending on your circumstances. Different factors will change the length of the program for each individual.
Do you get the money for debt consolidation?
Unlike a balance transfer, where you move debt from one account to another, when you get a consolidation loan, the cash is deposited directly into your bank account that you can use to pay off all of your credit card debt at once.