FAQs: Debt Settlement Programs
How Does Debt Settlement Work?
If you are looking for debt relief help, a debt settlement program may benefit you. In a debt settlement or debt reduction program, your debt is negotiated with the creditor. This allows you to pay a reduced amount on your debt or pay it off in one lump sum. If you have a large amount of debt, for instance more debt than you can realistically pay off in a two to three year time frame, you may need debt help.
What Does Debt Consolidation Resolve?
Why Would a Creditor Agree to Settle My Debt?
How Will Debt Settlement Change My Credit Score?
Why Not Just File for Bankruptcy?
Do I Need a Firm to Help Settle My Debts?
Kimberly Chantal Parkes is a former contributor to Consolidation Now. Kimberly Chantal is a freelance copy editor and writer with a specialization in personal financial planning. After having graduated from Kansas State University with a bachelor's degree in journalism, she began her career in media wearing many hats for community newspapers within the Kansas City area: writer as well as copy editor, photographer and coffee runner among other things.