Consolidating debt pros and cons
The government offers plans that cut payments to 10% or 15% of “discretionary” income and offer forgiveness on the remaining balance after 20 or 25 years. If you have a large loan balance and a low income, income-driven repayment is probably your best option for the lowest monthly bill.
Our pick for the best debt settlement company is National Debt Relief.
Your account rep will update you when a settlement is reached with one of your creditors and will be on hand to answer any questions.
By entering a debt settlement program, you agree to have the debt settlement company negotiate with creditors on your behalf.
Based on our research and experience speaking with its representatives, this settlement company can reduce debt by up to 49 percent and has fees within the normal range of 15 to 20 percent.
The representatives we spoke to were quick to reply and thoroughly explained the entire program to our secret shoppers.