If youre drowning in debt you cant repay, your financial future might look bleak. However, you have several options that could help you reduce or eliminate your debt entirely. Depending on your situation, debt settlement might provide the help you need.
A debt settlement company aims to get your creditors to accept a lower amount than you currently owe. Youll make monthly payments to a third party savings account. Once youve accumulated enough cash, those funds will be used to pay off the negotiated amounts.
Find Out: How Much Debt Americans Really Have
Ways Debt Settlement Companies Can Help You
Debt settlement programs provide some advantages but also pose serious risks for consumers paying down debt.
Five advantages were outlined…
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