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DEBT SETTLEMENT
It's a little-known fact that when you fall further and further behind on your payments, creditors would much rather agree to settle your debts than have you file bankruptcy and not get paid at all, says debt expert Gerri Detweiler, author of "The Ultimate Credit Handbook." In exchange for an agreed-upon one-time payment -- typically, between 20% and 75% of what you owe -- the creditor forgives the rest of your debt and starts reporting it to the credit bureaus as settled. Meanwhile, you'll need to put money aside toward the settlement and stop making payments to your creditors. On your credit reports, the balances of settled debts will show $0. However, any previous history of delinquent payments or charge-offs will remain on your report. Not surprisingly, creditors don't like to advertise debt settlement. They also make it an extremely difficult solution to pursue. We can help! Our legal experts know who to contact so we can quickly arrive at a settlement that will make it possible for you to finally get debt free! Call now to find out more. 1.800.400.1850 |
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