Debt relief programs are designed to help individuals or businesses manage and reduce their debt. These programs can include options like debt consolidation, where multiple debts are combined into one loan with a lower interest rate, or debt settlement, where creditors agree to accept a reduced amount as full payment. Participants in these programs often work with financial professionals or non-profit organizations that specialize in credit counseling. The goal is to create a manageable repayment plan, improve financial literacy, and ultimately help individuals regain control of their finances while avoiding bankruptcy.