Pacific Debt helps consumers out of debt using debt settlement, a process that comes with a certain amount of risk. With debt settlement, clients are asked to stop making payments on their bills, even if they are 30 to 60 days behind. Instead, debt settlement participants are asked to begin saving money in a separate account, which the debt settlement company will use to help settle their debts for less than they owe.
According to the Federal Trade Commission (FTC), some of the core risks of debt settlement include the potential negative impact on your credit score, as well as the fact that creditors are not required to settle. However, debt settlement seems to work rather well in practice, and Pacific Debt has many satisfied customers …
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