Sentences with phrase «lower lump sum settlement»

A debt settlement program, on the other hand, will work on your behalf to negotiate lower payments or a lower lump sum settlement of your debts.

Not exact matches

Once the debt settlement company thinks it can negotiate a lower amount on the debt you owe with the creditor and you have a lump sum ready to pay the hopeful amount, the company will start negotiating with your creditors.

Some creditors may allow for the structuring of a debt settlement in an installment plan rather than as a lump sum payment, but generally, a creditor will accept a lower amount if you offer a lump sum payment rather than an install plan spread out over several months.

Settlements are however only possible if you are willing to pay the lump sum of the lower amount - or over a short period of time.

Lump sum settlements can often be reached at a lower amount than a term settlement, depending upon the creditors.