The good news is; there are other programs available to help you pay less
than the full amount owed on each of your debts, and some programs even come with credit repair (Bad Credit & Good Credit OK).
Many homeowners worry about the consequences of undertaking a short sale, and paying their lender back less
than the full amount owing on their mortgage.
With a debt settlement solution provided by Golden Financial Services; Get one monthly payment that accounts for all of your unsecured debts — know how many payments you have left to become debt free — let us have the authority to speak on your behalf to the creditors so that you can live a peaceful life — pay less
than the full amount owed on each of your debts — and work with a top rated company that has more than 13 years experience with debt settlement solutions.
Get one monthly payment that accounts for all of your unsecured debts — know how many payments you have left to become debt free — let us have the authority to speak on your behalf to the creditors so that you can live a peaceful life — pay less
than the full amount owed on each of your debts — and work with a top rated company that has more than 13 years experience with debt settlement solutions.
Not exact matches
Based
on your financial situation you may be able to enter into 1)
full pay installment agreement - where you will
full pay the account over the life of the statute of limitations or a 2) a partial pay installment agreement - where you pay an
amount less
than what you
owe the IRS over the life of the IRS» statute of limitations.
If there is dispute over the
amount of debt that was legitimately
owed, is there any clean way to record the fact that one is willing to offer the
amount that one agrees is
owed if any when the agency commits in writing to agreeing that the debt was in fact paid in
full [e.g. if a company mishandles a customer change of address such that the customer never receives a bill for $ 5.47 for the last few days of service, and only finds out about that last bill when a collection agency demands $ 95.47, a payment of $ 5.47 should show up as payment in
full, rather
than pennies
on the dollar.]
You can sometimes negotiate a lower payment or interest rate
on the debt you
owe, since creditors may be happier to be repaid in a stream of smaller payments
than to wait for the
full amount and worry it might never arrive.
With debt settlement, you or a company that works
on your behalf negotiates with your creditors to pay a lump sum that's less
than the
full amount you
owe.
With debt settlement, you could end up paying back a significant
amount less
than the
full balance
owed on each account.
In short, a short sale is nothing more
than negotiating with lien holders a payoff for less
than what they are
owed, or rather a sale of a debt, generally
on a piece of real estate, short of the
full debt
amount.