Debt settlement often results in significant credit score damage, potential tax consequences where forgiven debt may be considered taxable income, and the risk of additional fees.

Authors

• Person: Not available Organization: Valley Credit Union
  Debt Consolidation vs Debt Management: Which Is Right for You?

Sources

• Debt Consolidation vs Debt Management: Which Is Right for You? www.valleycu.org Valley Credit Union via serper

Referenced by nodes (1)

• debt settlement concept