Category Archives: Debt settlement
Debt Solutions: Debt Settlement
Debt settlement is one way to get out of debt. You, or your representative, negotiate with each unsecured creditor such as the credit card holder to settle for an amount less than what you owe. When you pay the creditor the loan is forgiven. There are a couple of serious disadvantages to debt settlement. The [...]
What is Debt settlement?
Debt settlement is simply negotiating with each unsecured creditor to pay a lesser amount than what is owed to close the account. Unsecured debts are credit cards, medical bills, store credit, and personal loans. Secured loans are secured against an asset such as a home, car, or land. If the debtor defaults the lender can [...]