The length can vary, but most debt agreements last anywhere from three to five years, depending on what you and your creditors agreed upon.
Absolutely! While many people work with professionals, you can negotiate your own terms with your creditors if you feel comfortable doing so.
You can usually include most unsecured debts like credit cards, personal loans, and medical bills, but secured debts, like mortgages, aren't typically part of the agreement.
Yes, there are some risks. For instance, it might affect your credit score, so it's important to weigh the pros and cons before signing anything.
Anyone struggling with multiple debts or financial stress may find a debt agreement helpful. It's a good option for those wanting to get their finances back on track.
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