Debt Reduction

Debt reduction is the process of reducing the face value of your outstanding debt. There are several different means of debt reduction. There are many available options for debt reduction. The most common debt reduction options are: Continue to make minimum payments, credit counseling, home equity loans, debt arbitration (also known as debt settlement), and bankruptcy. Each debt reduction option has its strengths and weaknesses, and its effectiveness depends on your individual financial situation

Back To Debt Glossary