When you have a debt and numerous bills to be paid off, you certainly want to get rid of your burden fast. You may consider one of the most popular options: to consolidate or settle the debt. Both debt settlement and debt consolidation have pros and cons, and both were created to lessen the burden and make the debt more manageable. Debt settlement implies negotiating with creditors in order to settle a debt for less than what is owed. Debt consolidation is debt refinancing in order to take out a single loan to pay them all. If you use debt settlement (or debt consolidation) properly, it can help you eliminate your debt faster. Check the infographic from Personal Money Service that will help understand what option you need. To learn more, visit debt consolidation loans page.