Debt relief is a process that can help people who are struggling to repay their debts. It can involve reducing the amount of debt that is owed, changing the interest rate, or extending the repayment period. Debt relief can be a helpful option for people who are facing financial hardship, but it is important to understand the potential consequences before applying for it.
There are several different types of debt relief programs available, and the best option for a particular individual will depend on their specific circumstances. Some common types of debt relief programs include: