Who Qualifies for Debt SettlementMany debtors often desire to partner with a debt settlement company to find financial relief but often are concerned with whether or not they will qualify to…Read more...
How does using debt settlement affect your credit rating? The answer may surprise you.
Debt settlement is an aggressive approach to reducing or eliminating your debt as fast as possible. Usually the debtor is facing serious hardship or even bankruptcy. Debt settlement is normally negotiated by a third party agency on behalf of the debtor, or it can be done by the debtor himself. The end result is that the creditor agrees to settle the debt for a lower amount than is actually owed.