Find us on Facebook Follow us on Twitter About us   |   Blog   |   Login



Answers

Knowledgebase Home | Favorites | Forum
Search the Knowledgebase Browse by Category
Are debt reduction services good?
Article Details

Last Updated
4th of November, 2009

User Opinions (2 votes)
50% thumbs up 50% thumbs down

Thank you for rating this answer.
Debt reduction services can be effective, but they usually cost money. As an alternative, with a little education and prior planning, it may be possible to reduce your debts on your own. If you have a smaller amount of debt, why pay debt counselors and settlement agencies fees for things you can do yourself?

The steps involved in debt reduction are:

  • Evaluating your debts, including ordering your credit reports
  • Looking carefully at your budget
  • Making a plan
  • Starting negotiations
  • Following through.

Additionally, if you want the assistance of a credit professional, Credit.com can help you find the right debt solution for your situation.

You can also get free debt consolidation and talk to a debt expert today!



Related Articles