These debt relief programs don’t have a negative impact on your credit but may limit your credit options for their durations.
Bankruptcy: This should be a last resort as it negatively affects your credit for many years.
New Era Debt Solutions is another standout company.
It has flexible programs that don’t have a minimum debt requirements.
Types of debt vary, and this influences what you can consolidate.
The first thing to determine is if your debt is secured or unsecured. For example, car loans and mortgages are secured debts.
Debt Management Program: These programs often work hand in hand with credit counseling.
In addition, the company has an easy-to-use dashboard that tracks your consolidation program and the progress of its negotiations with your creditors.Debt Consolidation: Consolidation is the process of combining all your debts into a single, lower payment by taking out a loan to pay off your creditors.