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Would debt counseling, consolidation, or a debt settlement program be a better way to go?

April 26, 2017consolidation Debt Counseling Debt Settlement program

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Would debt counseling, consolidation, or a debt settlement program be a better way to go?

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A. No. There is no reduction to your debt. The credit card companies are working with the debt consolidation companies to reduce interest rates and fees; therefore they are getting paid for doing this service. The process also takes 3-7 years to pay off the debt, thus ruining your credit.