What Exactly Is Debt Settlement?

Debt Settlement, also known as debt negotiation, involves a personalized plan that effectively enables a debt settlement negotiator to negotiate a compromise with creditors to settle unsecured debts. Once the creditor and debt settlement negotiator agree on a reduced balance and that lower balance is paid, it will be viewed as payment in full.

Debt Settlements = Results

According to The Association of Settlement Companies (TASC), consumers seeking to manage their debt have higher success rates when using credible debt settlement companies rather than credit counseling services.