debt settlement

Information on debt settlement

A Debt Settlement Example

I’m often asked how debt settlement works and whether or not it’s a good way to get out of debt. The answer to the first question is yes. Debt settlement does in fact work. The answer to the second question is that it depends on your financial circumstances. If you’re current on your debts and … Continue reading

Should you Settle your Debt Yourself

You can settle your debt yourself. Whether you should do so or not depends on what is most important to you. Settling your debt yourself takes an investment of your time. It requires you to put in some effort into organizing your finances (and records). It also requires a bit of a thick skin. Debt … Continue reading

Debt Settlement Pros and Cons

Debt settlement is for people who are unable to make the minimum monthly payments on their debts and cannot afford the required payment for credit counseling programs. People who experienced a long-term loss of income for any reason are good candidates for debt settlement. Debt settlement, particularly if you do it yourself, is very flexible … Continue reading

What is Debt Settlement?

Debt settlement, also called debt negotiation, is a method of debt management in which an agreement is made with a creditor to accept some amount less than the full balance as payment in full on a debt. Debt settlement is useful for eliminating unsecured debt. Unsecured debt is a debt that is not tied to … Continue reading