![]() But instead, we’re going to teach you about legitimate debt relief services and the consequences that come with each. The following post is not about government credit card and debt relief assistance. Debt Relief Potential Consequences What is debt resolution?ĭebt resolution is another word for debt relief and debt settlement, also known as “debt reduction,” “debt arbitration,” “debt adjusting,” “debt cancellation,” or “debt negotiation,” all aimed at stopping the growth of debt and then reducing the debt or getting a portion of the debt forgiven. The following page explains a Debt Resolution program, including pros and cons along with other debt relief options.ġ0. This is where debt relief and Debt Resolution programs come into play. Unfortunately, no government options are available to help consumers pay off credit cards, unsecured loans, medical bills, and collections. People all across the country are looking for debt relief, free money, government and stimulus relief. The truth is, credit scores can always be rebuilt, but you never get back all that interest you continue to pay every month to stay afloat. Relief is needed more than ever before, but most consumers avoid debt relief programs because they’re afraid to ruin their credit scores. With the downturn in the economy, over 75 million people in the United States are experiencing some financial hardship. “Debt resolution program” and debt relief-related searches are exploding on Google, as credit card companies discontinue the temporary debt relief options they were offering due to COVID-19. Debt Resolution: Understand Your Options and the Consequences
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