Debt Payoff Guide is a free service that connects consumers with third-party debt-relief providers. We are not a lender, law firm, credit-counseling agency, or debt-settlement company, and we do not provide financial, legal, or tax advice. Information here is general and not a recommendation.
Debt relief is any strategy that helps you repay or reduce what you owe: budgeting and DIY payoff, nonprofit credit counseling and debt management plans, debt-consolidation loans, for-profit debt settlement, and bankruptcy. Each differs in cost, timeline, and credit impact. This guide walks through how they compare so you can choose, then get matched with a provider, free.
Free·No obligation·Takes about a minute·Secure form
| Option | Best when | Credit impact |
|---|---|---|
| Credit counseling / DMP | You want structure and lower interest | Neutral to mild |
| Consolidation loan | You still have fair-to-good credit | Mild; can help over time |
| Debt settlement | You are behind and cannot repay in full | Significant, temporary |
| Bankruptcy | Debt is unpayable by other means | Major, but a fresh start |
No. We're a free matching service. We are not a lender, law firm, credit-counseling agency, or debt-settlement company, we connect you with third-party providers who do that work.
Nothing. Our service is free for consumers. The providers in our network pay us when we refer you, so you're never charged for the connection.
It depends on the option you choose. Debt settlement and missed payments can lower your score before it recovers; a consolidation loan or credit-counseling plan may have a smaller impact. We explain the trade-offs so you can decide.
Under the FTC's Telemarketing Sales Rule, companies that sell debt-relief services by phone can't collect fees until a debt is actually settled and you've made a payment. Be cautious of any company demanding money upfront.
No. If you want nonprofit credit counseling, look for a member of the National Foundation for Credit Counseling (NFCC). We can also connect you with counseling and other options so you can compare.
Tell us what you owe, we'll match you with a provider, free and with no obligation.
