Types of Debt Settlement

Debt Relief & Consolidation Options

Choosing the Right Debt Relief Option

There are a great many types of debt settlement for a great many types of debt. Below you will learn about the options available to you and which ones might make the most sense for your type and level of debt. The Best Debt Settlement Type for one person might not be reasonable for another due to that individual's means and circumstances, but fortunately, for those who are actively looking for an answer, 10 Best Debt is here to help you understand the possibilities.

Various Debt Settlement Techniques

Standard Debt Settlement

Involves restructuring of monthly requirements to create attainable standardized payments on behalf of the debtor.

Extended Debt Settlement

Extends of the repayment period of the loan or debt. It typically ends in a decreased payment amount of the total loan as well.

Graduated Debt Settlement

Includes variable payment amounts which accommodate the debtors ability to management those payments as time goes on.

Prorated Debt Settlement

Creates metrics to decide repayment amounts based on the debtor's total income, including wages, earnings from investments, et alt.

Lump Sum Debt Settlement

A type of debt management that allows the debtor to repay loans or other debts at a lower rate by electing to settle it all at once.

Credit Card Debt Settlement

Utilizing any of debt management types above, credit card debt settlement helps those whose credit card payments which have become out of hand.

Student Loan Debt Settlement

Roughly 2 out of every 3 students graduating from college are debtors. One in 10 of them owe more than $40,000. Learn about reducing your student loans.

Home Equity Debt Settlement

Allows home owners to better manage their debts using the equity in their home as a driving force. Many find this the best option for getting ahead.