Debt & Credit Help

What is Debt Relief and How Does It Work?

Last updated June 22, 2025 | By FinanceBuzz Editors

 Debt relief is aimed at helping you get out of debt by arranging for some of your debt to be settled, or for your creditors to adjust the terms of your debt — usually your interest rate — so you can make more affordable payments.

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There are different types of debt relief, some of which you handle on your own, and others that involve third parties that can help you navigate the process. Some types of debt relief include:

  • Credit counseling
  • Debt consolidation
  • Debt management plan
  • Debt settlement
  • Bankruptcy

For the most part, the main idea is to structure your debt in a way that allows you to get rid of it faster and at less expense than if you followed through with the terms to the very end.


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No upfront costs — you pay when you accept a settlement.
Refers you to other options like debt consolidation if debt settlement isn’t appropriate.
You review every settlement National Debt Relief negotiates, and you decide whether to accept it or not. It won’t act without your permission.
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