Debt Settlement Vs. Debt Management- Whats the difference?
Debt Settlement and debt management/consolidation both help consumers pay off their debts through two different approaches. Though each has an effect on your credit score, payoff period, and taxes. Before choosing either option, be sure you understand the long term consequences of each. Debt Settlement is a program that enables you to settle on your debts for approximately .58 cents on the dollar. Where as a debt management program allows you to pay your debts back in full to your original creditors at reduced interest rates and a reduced amount of time.
