FAQs: Debt Settlement Programs
How Does Debt Settlement Work?
If you are looking for debt relief help, a debt settlement program may benefit you. In a debt settlement or debt reduction program, your debt is negotiated with the creditor. This allows you to pay a reduced amount on your debt or pay it off in one lump sum. If you have a large amount of debt, for instance more debt than you can realistically pay off in a two to three year time frame, you may need debt help.