What is Debt Settlement?

[alicaaa]

Hello,
Debt settlement is a process that allows you to settle your debt for a fraction of the original balance. Debt settlement is a great option for individuals and families who are currently suffering from a financial hardship, such as a job loss, reduced income, medical bills or divorce. This debt relief program places you with seasoned debt negotiators who have the ability to settle your debt for you for less than you currently owe.

thanks!!

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[aanish]

Dear friends,
Debt settlement, also known as debt arbitration or debt negotiation, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.

 

[vjkmonmopt]

The most important thing you can do when making the decision get help with your debt related problems is to be an informed consumer. Debt settlement involves negotiating with a creditor or creditors to pay off a percentage of your total debts at an agreed upon settlement amount.

 

[hklfimanki]

The most important part of debt settlement is to complete settlement process with your creditors and or collection agencies. It is often a last ditch effort to avoid bankruptcy! A debt settlement is when you negotiate with creditors in order to get a pay-off amount that is less than the total amount owed.