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 If you need to destroy some debt, debt consolidation and debt settlement are two popular options. But what’s the difference, and which is better? Aaron Freeman / Money Talks News

Advertising Disclosure: When you buy something by clicking links on our site, we may earn a small commission, but it never affects the products or services we recommend. Got debt? If so, you’re not alone. According to the Consumer Financial Protection Bureau, about 24% of consumers have an account in collections. Think about that. More than 1 in 4 of us are getting hounded on a past-due bill!

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