May 3, 2024 / 1:08 PM EDT / CBS News Bankruptcy and debt settlement can help you get rid of expensive debt, but it's important to know which one makes more sense for you. Getty Images The current economic climate is having a profound impact on many people's finance...
Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox.Sign up here. Bottom line Debt settlement isn't a simple way to pay less than you have borrowed. It's a long process with no guarantee...
Debt Settlement News and Articles for your guide how to negotiate to eliminate interest and settle your debt for less then what you owe and avoid bankruptcy.
News & MediaThe word is out, National Debt Relief is transforming the industry. For media inquiries, please email PR@NationalDebtRelief.com. View All Articles Podcasts Press Releases Videos Articles January 2025 Debt Settlement Taxes: Do You Need to Pay Them? Read More Articles November 2024...
Pros: Debt settlement allows for negotiating with creditors to settle for a reduced amount. It has the potential for quicker debt resolution compared to some of the other options. Cons: This alternative can negatively impact credit scores and there are various fees associated with settlement companie...
not by a long shot. There are companies who specialize in assisting people just like you. Consumer Credit Counseling agencies are one type that can help you reduce interest rates on unsecured debt and pay your debt back quickly and efficiently. Debt settlement exists if you cannot afford to do...
Debt settlement:this is also referred to debt negotiation and debt reduction. This is where you have a settlement company with your creditors to lower your payoff amount. The key benefits of a debt settlement program are: Reduce principal balance, reduced payment, and bankruptcy alternative. ...
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Often debt settlement— negotiating with creditors to pay less than you owe and “settle” the debt — is the type of debt relief that companies focus on. Debt relief companies typically charge a fee to help you. An added drawback: Your credit score could drop significantly since you ...
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