– Do you wanna know what the pros and cons of debt relief, or debt settlement, are? Before I answer, make sure you subscribe
to our channel below, or click on the bell icon. And that way, when we
release new information, you will be the first to get notified. (upbeat music) So, what are the pros
and cons of debt relief, or debt settlement? Let’s start with the pros. Settling your debts through a debt relief, or debt settlement company
could resolve your debts in a shorter amount of time. When you enroll into a debt relief or debt settlement company, they negotiate down your
debts on your behalf with your creditors, so that way you can settle
your debts for less. Nothing happens overnight, however, in a few short years, or even months, you may be able to have
your debts resolved and paid off for good. Settling your debts may be a better option than filing bankruptcy, depending on where you’re at financially. Everyone’s financial
situation is different, so that would be something
that you would have to talk with a debt expert about to make sure that debt
relief or debt settlement is the right option for you. In a debt relief or
debt settlement program, you typically have one
lower monthly payment that you can afford to pay, and throughout the program, when you resolve your debts, you’re settling your
debts typically for less. Okay, so here are the cons. Debt settlement could
negatively impact your credit, however, if you have a
high debt-to-income ratio, that may already be keeping
you from getting a loan, even if you have a good credit score. You may be charged a fee
if your debts are settled. A debt relief company is not able to charge you an up-front fee. However, if your debts are settled and you’re using their
negotiators and their program, then you may be charged a
fee for settling your debts. Debt settlement and debt relief
companies should not charge you a fee until they have
reached a settlement agreement that you have agreed to. However, they are still a business and you’re using their top negotiators to settle down your debts
with your creditors for less. Although, you can settle your debts on your own without a fee, going with the right debt relief
or debt settlement company that can get you results, may be worth it. If you’re in financial hardship, debt relief or debt settlement
may be a good option for you because you can settle your
debts for less and in less time. Your credit, however,
may take a slight impact, but once you resolve all your debts, you can start rebuilding your
credit again and start fresh. Thank you for watching, feel free to like, comment,
or share on this video below. And if you want more
information about if debt relief or debt settlement is
the right option for you, visit us on our website
at alleviatefinancial.com. (upbeat music)