Debt relief is a catch-all term for a variety of strategies used to make debt more manageable. The specifics of the relief can vary depending on the type of debt and the areas where you require assistance.
For example, if you are struggling with credit card debt, debt relief could take the form of an interest rate hold, whereas debt consolidation could be used if you have multiple types of debt.
Other types of debt relief include debt management plans, debt settlement, and credit counseling. Debt relief is defined as any strategy or tool that assists people in finding an effective way to manage their debt.