Skip to main content

Debt Settlement v. Debt Management

1 of 10

What is debt settlement?

2 of 10

A settlement stays on your credit report:

3 of 10

True or False: You must use a debt settlement company if you want to settle a debt.

4 of 10

Settlement companies charge a monthly fee and require a monthly payment. The monthly payment goes:

5 of 10

True or False: If you are working with a debt settlement company, you cannot be taken to court over your unpaid debt.

6 of 10

A debt management program is a repayment plan that helps with which of the following:

7 of 10

True or False: Debt management programs charge a monthly fee.

8 of 10

Debt management programs work with creditors and you to:

9 of 10

True or False: Being on a debt management program works to improve your credit over time.

10 of 10

A debt management program:

©2023 Reseda Group LLC, used under license.