What is the best debt relief option?

It depends on your situation. If you have $7,500+ in unsecured debt and are struggling to make payments, debt settlement may be best. If you have good credit, a consolidation loan or balance transfer card will save you more money with less credit damage.

How much debt do I need for debt relief?

Most debt settlement companies require a minimum of $7,500 in unsecured debt. Debt consolidation loans are available for any amount, and balance transfer cards work best for under $15,000.

Does debt relief hurt your credit score?

Debt settlement can temporarily lower your credit score by 75-150 points. Debt consolidation loans cause a small temporary dip. Balance transfer cards have minimal impact. All options are better for your credit than defaulting or bankruptcy.

Is debt relief legitimate?

Yes, when working with AFCC-member companies like National Debt Relief or Freedom Debt Relief. Avoid any company that charges upfront fees — this is illegal under FTC rules. Always verify BBB accreditation before enrolling.