Debt relief vs. credit repair: Which is better for you?

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Whether you need debt relief or credit repair depends on your unique situation. Getty Images
Debt and credit go hand in hand. So naturally, you may be wondering if debt relief or credit repair is better for you? There are few financial conundrums with a single answer that can suffice for everyone – and the question of whether credit repair or debt relief is better given your unique situation is no exception to that rule.
While you may think of debt relief and credit repair as one in the same, they’re two different services that are designed for two different audiences. So, which is better under your unique circumstances? And, would it be best for you to sign up for both? Find out below.
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Debt relief vs. credit repair: Which is better for you?
Before you can decide whether debt relief or credit repair would be better for your unique situation, it’s important that you understand what these two services entail. Here’s an overview of what you can expect from each:
So, which is the better option for you? That depends.
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When debt relief is better
Debt relief is typically the better option when debt is the primary problem. For example, if you’re having a hard time making your minimum payments or you regularly miss payments, you may be better served by focusing on paying your debt off first, then work on improving your credit score.
But, that’s not the only time when debt relief may be better. Many people can afford to make their minimum payments, but don’t see an end to their high interest debts on the horizon. After all, it can take decades to pay credit card debt off making just minimum payments. If that sounds like you, debt relief may be your better choice – even if you always make your payments on time.
In some cases, debt relief can help your credit, too.