What is Debt Settlement?

www.ConsumerLawQA.com What is Debt Settlement? & How Debt Settlement Works. Debt Settlement is a legal process of debt reduction in which the creditor (company whom money is owed) and debtor (person that owes money) agree on a reduced balance that, once settled, will be regarded as payment in full. When a debtor is unable to make the minimum monthly payments on an unsecured debt such as credit card debt or medical bills, balances continue to grow due to ongoing

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