Differences between debt settlement, debt consolidation, and debt management plans


This is a great article that explains in simple terms the differences between debt settlement, debt consolidation, and debt management plans.  Simply put, debt settlement is the only one that will get you out of debt as quickly as possible saving you the most money.  However, as the article suggests, this is only true if you get a professional to help you with the process.  Hiring an experienced debt settlement attorney will know your legal rights during the negotiation process and can represent you if you get sued by any of your creditors.  This is something that a regular debt settlement company can not offer a consumer debtor, which puts their clients at considerable legal risk.

The following two tabs change content below.

Kevin Fallon McCarthy

Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.