Not exact matches
Once you reach the amount saved that you and the
debt settlement company have agreed upon, they'll try to settle the
debt by offering that amount all at once in exchange for forgiveness
of the
rest.
Debt settlement companies to avoid: Read the
rest of this entry»
A
debt settlement company helped me get rid
of $ 16,000
of higher - interest credit card
debt, but I needed to tackle the
rest on my own.
When enough has accumulated, the
debt settlement company will contact your creditors and attempt to get them to accept a much smaller amount, say 10 % to 50 %
of the total you owe, and write the
rest off as a bad
debt.