Debt settlement refers to the process of renegotiating or settling a debt for a lower amount than what is owed. It is a way to resolve outstanding debts by reaching an agreement with the creditor to pay a reduced sum to settle the debt and become debt-free.
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«debt»
«settlement»
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Phrases with «debt settlement»
Sentences with «debt settlement»
- Also, some banks will not work with debt settlement companies, but only directly with you to settle a debt before charge - off. (debt.org)
- These companies offer debt settlement programs where they'll communicate with your creditors and convince them to forgive part of your outstanding balance. (debtconsolidationcare.com)
- Also, many consumers have faced problems with debt settlement companies not passing along funds to the lenders — or charging too much. (lendedu.com)
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