Few things are as stressful as falling behind on your debt. As you miss payments, your creditors increase the interest or tack on penalties and late fees. Soon, you’re in a hole you can’t get out of. In this situation, your only option may be debt settlement. Generally, debt settlement involves offering your creditors a lump sum of money in exchange for them writing off the remainder of your debt. Unfortunately, your creditors do not have to agree to debt settlement, so consider all your options.
Coming up with a Settlement Strategy Edit
Negotiating a Settlement Edit