Debt Settlement Solution

Debt settlement negotiation involves clearing debt. It involves writing off up to 50% of unsecured debt and making an affordable monthly repayment for a 12 to 36 month period. The length of the agreement will depend heavily upon how much is owed and the amount contributed each month.

Settling Credit Card Debt, Loans and Medical Bills

The majority of unsecured debt can be included in a debt settlement program. This includes credit cards, unsecured loans, business debt, repossession deficiencies and unpaid medical bills. It is not possible to include student debt, active car loans, alimony and maintenance payments as well as unpaid taxes.

How Debt Settlement Negotiation Works

It will be clear that the terms of existing credit agreements are not financially sustainable to the debtor. In order to proceed with the debt settlement negotiation process, the lender will need to be flexible in terms of both the rate of repayment and percentage of the debt that they will actually receive.

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