TurboDebt is a for-profit debt settlement company. It helps people who are struggling with debt to negotiate with their creditors and settle their debts for less than the full amount owed. TurboDebt charges a fee for its services, which is typically a percentage of the amount of debt that is settled.
There are several benefits to using TurboDebt. First, it can help you to save money on your debt. Second, it can help you to get out of debt faster. Third, it can help you to improve your credit score. However, there are also some risks associated with using TurboDebt. First, it can take several months or even years to settle your debts. Second, you may have to pay taxes on the amount of debt that is forgiven. Third, your credit score may be temporarily lowered while you are using TurboDebt.