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April 2nd, 2008
What is better settlement or consolidation.
Posted in Credit, Debt, Finance
First lets identify what debt settlement is. Debt settlement is a process of going past due on credit card debts to then later on negotiate a settlement to pay back the original debt balance owed at a much lesser amount. This method can save a debtor around 50% of the debt they must repay. Plus they can look forward to becoming completely free of unsecured debts within two to three years. Now the debt settlement process can be done two ways, either retain a debt settlement company or a debt reduction law office to enroll you into a debt settlement program. This brief article will delve into the differences between the two.
The bottom line in differences between the two comes down to the fact that you get more legal protections with a law firm vs a company. A lawfirm can assist through a lawsuit and can by law stop harrasive collection activity.
What is better settlement or consolidation. says:
[...] What is better settlement or consolidation. First lets identify what debt settlement is. Debt settlement is a process of going past due on credit card debts to then later on negotiate a settlement to pay back the original debt balance owed at a much lesser amount. This method can save a debtor around 50% of the debt they must repay. Plus they can look forward to becoming completely free of unsecured debts within two to three years. Now the debt settlement process can be done two ways, either retain a debt settlement company or a debt red [...]
April 2nd, 2008 at 7:43 pm