If you're drowning in debt and can't see a way out, debt settlement might be a lifeline, but it's not risk-free.

These debt relief companies could help you slash your debt, but there are a few things to know before signing up.

With bankruptcy, the amount of debt that you repay is set by law and not up for negotiation. You must disclose all of your ...

As consumer debt climbs across the U.S., many people are desperately searching for ways to regain control. Finding a ...

Better Debt Solutions is a debt relief and settlement company that helps people reduce and pay off their debt so they can achieve financial stability. It speaks to creditors on clients’ behalf ...

Debt settlement can be expensive. Often, debt settlement companies charge between 15% and 25% of the resolved debt and require that you have at least $10,000 of unsecured debt . It can also damage ...

Debt settlement solutions are only available for a certain amount and type of debt. To qualify for debt settlement, you usually must owe at least $7,500 in unsecured debt.

Debt settlement requires you to pay a lump sum to creditors for less than you owe and have the remaining balance forgiven. To choose the right debt settlement company, compare the cost ...

Freedom Debt Relief relates that there are no instant solutions to any serious debt problems, and the amount of time it takes to relieve debt issues depends on the size of the debt, your ability to ...

Learn the differences between debt consolidation and debt settlement, their pros and cons, and which option suits your financial needs. Business Insider Subscribe Newsletters ...