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Seven Ways to Get Out of Debt in 2022

Better Credit Blog

Since more Americans are under pressure to resolve their debt, we’ve outlined several strategies that reduce or eliminate this financial liability. What is Debt? Debt is the amount of money you owe to a lender or creditor. Some examples of debt are mortgages, credit card dues, and personal loans.

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Everything There Is to Know about Debt Settlement

Credit Corp

Essentially, debt settlement means making a deal with the organization or individual you owe money to. These deals typically consist of some type of agreement in which you’ll pay a lump sum by a certain date in exchange for your lender to reduce the amount of what you have to give them. What happens when you settle a debt?