Should I Do Debt Settlement or Get a Debt Consolidation Loan?

Photo by John Barkiple on Unsplash

Emotional Answer

It does not seem you are in financial trouble, but maybe wanting to free up additional money is an indication things might be starting to get spicy.

Mathematical Answer

If you factor in the risks of debt settlement and assign a value to those risks, you can better compare the “true” cost of settling your debt.

Logical Answer

Your question is one of those that the best answer requires the skill of a skilled and competent debt coach like my friend Damon Day.

Best Answer

The best answer for you will be based on a well-rounded look at you as an individual and a solution based on experience and math and not emotion.



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Steve Rhode

Steve Rhode


Dog Rescue Pilot, Firefighter, Debt Coach, and a Nice Guy