We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What Are the Different Ways to Get Help with Debt Relief?

Alex Tree
By
Updated Feb 15, 2024
Our promise to you
WiseGeek is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At WiseGeek, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

Getting credit counseling, enrolling in a debt management program, and reading self-help books are some ways to get help with debt relief. Credit counseling helps people assess their current financial situation, make a budget, and learn how to avoid going deeper into debt. Debt management programs are organizations that completely manage a person’s credit card and loan payments. In addition, self-help books can sometimes help a person better manage the problem herself. The debt relief business is burdened with scams that promise quicker, easier, and sometimes cheaper solutions to the problem.

Many people get help with debt relief by contacting a credit counseling organization. The goal of a credit counseling organization is to help people assess their financial situation, develop a budget, and have the knowledge to better manage money in the future. Organizations like this usually give one-hour sessions on an appointment basis and give the client learning materials to take home. Some organizations are even non-profit, with minimal to no fees, but there are also disreputable companies that claim to be non-profit but actually have expensive, upfront fees and no intention of helping the client. Reputable companies are usually associated with universities, credit unions, and other trustworthy organizations.

Debt management programs take charge of all the client’s credit card bills and loans, and the client is sent a monthly bill. This kind of program is usually meant for people who are not disciplined or organized enough to pay off the debt alone. Most people can get help with debt relief using other methods, so debt management services are usually recommended to people as a last but potentially effective resort. On the other hand, debt management programs that promise clients a debt-free existence within weeks or months are often scams. Depending on how much debt a person has, a debt management program can take four years or more to complete.

Books can be a useful source for help with debt relief. Self-help books cannot provide consumers with advice perfectly tailored to their situations. The main advantage to books, however, is that they can be much cheaper and more accessible than other debt management services. Reading appropriate self-help books can teach consumers techniques for staying out of debt, as well as educating them on options for getting out of debt. Self-help books can be a good place to start when looking for help with debt relief because they can point consumers toward specific types of hands-on assistance.

WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Alex Tree
By Alex Tree
Andrew McDowell is a talented writer and WiseGeek contributor. His unique perspective and ability to communicate complex ideas in an accessible manner make him a valuable asset to the team, as he crafts content that both informs and engages readers.
Discussion Comments
Alex Tree
Alex Tree
Andrew McDowell is a talented writer and WiseGeek contributor. His unique perspective and ability to communicate complex ideas in an accessible manner make him a valuable asset to the team, as he crafts content that both informs and engages readers.
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.