Sentences with phrase «creditor reach a settlement agreement»
The unpaid status of a medical bill no longer appears after the patient and creditor reach a settlement agreement.
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This means that if to some extent your debt problem has become a legal problem, a debt settlement company (usually a law firm or a company with expert lawyers) will be able to reach an agreement with the creditors and take your debt problem out of courts.
Once the debt settlement company reaches an agreement with your creditors, you can settle your debt using the funds you saved.
Debt settlement, which is also known as credit settlement or debt negotiation, is a legal process in which a debtor — often, but not always, with the help of a credit counselor — can reach a legal agreement with a creditor to settle their debt for a lesser amount.
Debt settlement, which is also known as credit settlement or debt negotiation, is a legal process in which a debtor — often, but not always, with the help of a credit counselor — can reach a legal agreement with a creditor to settle their debt...
When the debt settlement company reaches an agreement with one of your creditors, you can pay it off with the funds you saved.
When the debt settlement company reaches an agreement with one of your creditors, you can use the funds you saved to settle the debt.
Under Manitoba's new laws, debt settlement companies can only charge a fee if the creditor and debtor reach an agreement on a reduced payment, and their fees are limited to a maximum of 10 per cent of the debt owed.
However, if you have no income or assets to cash out and you can't reach a debt settlement agreement with your creditors chances are bankruptcy is your only option.
With debt settlement, you and your creditors reach an agreement on how much they will accept as full payment of your debt.