What are the disadvantages of debt relief?

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asked Sep 17 in Other-Finance by anonymous
Hi all! Friends, can any of you provide me with a complete overview of the debt relief services you have used? What are their performance, customer service, fees, and what are the potential downsides? If you have tried any debt relief programs, can you share your experience?

1 Answer

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answered Sep 17 by Behin (920 points)

Hello! I went through a similar situation and understand how difficult it is to choose the right option. The program worked for me in the sense that it reduced the total amount of my debt. They negotiated with my creditors to reduce the debt and I ended up paying less than I originally owed. Overall, debt settlement has helped me, but it is not a one-size-fits-all solution. On a personal note, I would recommend california debt relief org reviews where you can do thorough research and explore all of your options, including debt consolidation or credit counseling, depending on your financial situation. Be sure to choose a reputable company, check reviews, and understand the potential consequences, such as the impact on your credit score. This is a big decision, so take your time and choose what best suits your goals and needs.

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