If you are like many other Texas residents, your financial situation needs help. You may be behind on several of your financial obligations and struggle just to make ends meet. While you did some research about ways to handle your debts, you either heard from someone you know or viewed numerous advertisements in print or on the internet about debt relief programs.
Before you put your trust in one of these companies, you need to understand the difference between debt consolidation and debt settlement, along with the pros and cons of each. In addition, you may consider learning some of the basics of bankruptcy, which is often a viable option that may come with fewer risks.