Debt Management or Debt Settlement: Which Is Better?
Debt management and debt settlement can both be useful strategies for tackling a large amount of debt. But how do you know which option is best for your situation? Debt management and debt settlement are two distinct options, each with its own advantages and disadvantages. Understanding the differences between them can help you choose the right plan for addressing your personal financial situation.
Debt management typically involves working with a credit counselor to create an official repayment plan that consolidates all of your debts into one monthly payment. This method allows you to negotiate lower interest rates, waive late fees and have penalties removed from accounts while also helping you stay on track as far as payments go. On the other hand, debt settlement requires negotiating directly with creditors in order to settle your debts at a discounted rate.
The Law Offices of Omar Zambrano has helped thousands of people and businesses on the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706