 TITLE: What is Debt Forgiveness? CONTENT: Other Debt Relief Options\n-------------------------\nWith debt settlement a last resort and debt forgiveness programs harder to find, there are a few other options to consider when trying to get on top of your debt. If you're thinking about trying to use either of these methods, it's important that you continue to make payments on time so that your credit scores remain intact. Payment history is the most important aspect of your credit score, and even one late or missed payment can negatively impact your score.\n*   **Debt management plan.** If you are having trouble managing your existing debt, consider consulting a credit counselor to create a debt management plan (DMP). With a DMP, a credit counselor will help you outline and stick to a plan to tackle your debt. Depending your plan, a DMP can help you consolidate payments, possibly reduce interest rates, and help you get an idea of when you'll be debt-free. As long as you make all your payments on time, this method could be a good way to tackle debt.\n*   **Debt consolidation**. This is another popular method of tackling debt and involves wrapping all of your debt into one low interest loan. Consolidation can save you money on interest over time and can help you streamline your finances by letting you pay fewer bills each month.\nIf you're considering either of these options, it may be good to get a free copy of your credit reports and scores so you have an idea of what your credit looks like. Understanding your credit picture will help you avoid damage to your credit as you try to get rid of your debt. You can get a free copy of your report and score from Experian. END