Debt relief involves programs designed to help you manage, reduce, or eliminate debt through strategies like consolidation, negotiation, or structured repayment plans.

Eligibility depends on factors like your total debt amount, income, and the type of debt you have. Most unsecured debts, like credit card balances and personal loans, qualify for relief.

Debt consolidation combines multiple debts into a single loan or repayment plan with a lower interest rate, making payments more manageable.

Debt relief may temporarily affect your credit score, but it can improve over time as you pay down your debts and rebuild your financial health.

The duration of debt relief depends on your plan and debt amount but typically ranges from 12 to 60 months.

Most unsecured debts, such as credit cards, medical bills, and personal loans, are eligible. Secured debts like mortgages and car loans usually aren’t included.

Costs vary by provider and plan, but many programs charge a percentage of your enrolled debt as a fee. Be sure to review the terms before committing.

Yes, once you enroll in a program, many providers will work with creditors to halt collection calls and harassment.

No, debt relief focuses on negotiating with creditors or consolidating payments, while bankruptcy is a legal process that can discharge debts but has significant long-term consequences.