Debt settlement is used by consumers or debt settlement companies to assist in satisfying a balance on a debt that otherwise could not be paid. (nomorecreditcards.com)
If you approve the settlement offer, your funds will then be paid from your trust account and directly to your creditor, satisfying your balance owed in full. (nomorecreditcards.com)
You can work out a payment arrangement with your lender to satisfy the balance due on your loan. (pocketsense.com)