Consolidation loan
One payment, one rate. Only worth it if the new APR is lower.
Debt Relief
Consolidation, management plans, settlement and bankruptcy side by side, including what each does to your credit.
Why this is hard to compare
The problem
Every route is a trade-off. Consolidation keeps your credit intact but only helps at a genuinely lower rate. Settlement can cut the balance and damages your credit for years. Bankruptcy is the heaviest option, and sometimes the right one.
What is on the table
Debt management plan
A counselling agency negotiates terms and you pay it monthly. Accounts are usually closed.
Debt settlement
Pay less than owed. Expect serious credit damage, possible tax consequences and no guarantee creditors agree.
Bankruptcy
A legal process with lasting consequences and real protections. Talk to an attorney first.
LendingFounder does not provide legal, tax or debt-adjustment advice. Speak to a licensed professional before choosing a route.
Ready to see the numbers?
Free to compare, and it never touches your credit score.