Debt Settlement
Debt Settlement is a process of reaching a settlement with creditors. The benefits of the settlement include reduction of the balance, complete release of the debtor, and closure of the credit account. Debt settlement differs from consumer proposal and debt consolidation because it requires a lump sum payment. Although it may be harder for the individual to resolve all credit accounts at once, the settlement is still more advantageous for the most debtors as its long term implications on the persons credit rating are less harmful.
- Once the accounts are settled the debtor is fully released and the credit file can be updated to show that the accounts have been settled and closed.
- The debtor can proceed to rebuild their credit right away, as most lenders view the settlement with more leniency then proposal or bankruptcy.
- Although, the persons credit file clears after 6 years and the settlement notice will show for that period of time 1-2 years is enough to completely rebuild one’s credit.(assuming no other defaults happen)
We Can Help You To:
- SETTLE MOST DEBTS AT REDUCTION RATES OF 30% – 90%
- CREATE A DEBT SETTLEMENT PLAN TO SETTLE MULTIPLE ACCOUNTS
- NEGOTIATE A PAYMENT WINDOW THAT ALLOWS FOR 2 OR 3 PAYMENTS
- OBTAIN FINAL, FORMAL RELEASE
- UPDATE YOUR CREDIT FILE AND START REBUILDING YOUR CREDIT
- EASY PAYMENT PLAN, YOU PAY US ONLY WHEN WE SETTLE
- SOLVE YOUR DEBT PROBLEMS AND HELP YOU GET A FRESH START!
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