debtreliefy is a marketing company, not a debt relief provider, and doesn't give financial or legal advice. With your consent, we pass your details to a debt relief company that may pay us. Results vary and aren't guaranteed.
This is general information about the main debt relief options in the US. It isn't advice, and debtreliefy can't tell you which option, if any, is right for you. Most of these options can affect your credit score, and some involve fees.
A company negotiates with your creditors to accept less than the full balance. You usually save into a dedicated account each month, and settlements are paid from it.
A nonprofit credit counseling agency arranges one monthly payment to your creditors, often with reduced interest rates.
A new personal loan pays off several debts, leaving you with one fixed monthly payment.
Moving credit card balances to a card with a low or 0% introductory rate.
A legal process in federal court. Chapter 7 can wipe out many debts; Chapter 13 sets up a three-to-five-year repayment plan.
Calling your creditors directly to ask for a lower rate, a hardship program or a settlement.
