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Debt Settlement v. Debt Management

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What is debt settlement?

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A settlement stays on your credit report:

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

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

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

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

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

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Debt management programs work with creditors and you to:

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

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A debt management program:

©2023 Reseda Group LLC, used under license.

Copyright ©2023 Reseda Group LLC, used under license.