What is Debt Settlement? - Debt Aid Consulting International

What is Debt Settlement?

Debt Settlement

Debt settlement is when you negotiate with a creditor to settle your debt for less than you owe. Only past-due debts are normally settled by creditors. Your credit score will suffer if you cease making payments to pay off debt because of the overdue payments. Although you can engage debt settlement firms, their services are not free. You have two options: you can settle your debt on your own, or you can think about credit counseling.

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