Debt Settlement Basics

Yes, it is certainly legal to negotiate with your creditors to settle a debt, and any agreement we make with your creditors is binding.

Do you owe $30,000 or more in unsecured debt and have suffered some significant financial hardship? Do you have any savings or other liquid assets that you can use for a lump-sum payment of about [...]

Debt settlement, also referred to as debt negotiation, is the art of negotiating with your creditors so they will accept less than the full amount of the debt owed to them, generally 50–65 cents [...]

You can certainly settle debts on your own. There’s no question about that. But you have to ask yourself whether you feel comfortable dealing with creditors and whether you’re willing to deal [...]

The debt settlement process typically takes between 6 and 24 months. Sometimes, an individual will have a lump sum of money that can be used to pay off a debt that is already aged—and in some of [...]

Although you can certainly work directly with your creditors to settle your debts yourself, that doesn’t necessarily mean it is a good idea to do so. Before deciding to negotiate with your [...]

The primary advantage to going with a small firm to handle your debt settlement is that you will most likely be dealing directly with the attorney who is handling the settlement. And if your firm [...]

There are many advantages to hiring an attorney to handle your debt settlement. The first advantage is that, once you hire an attorney, creditors can no longer contact you regarding any debt [...]

With so many companies out there to choose from in terms of settling your debt, it’s natural to wonder, “How do I know who is reputable and who isn’t?” I think there are a few basic ways you can [...]

There’s no shortage of companies out there trying to get your debt settlement business. In fact, it seems like every day another company pops up saying that they are debt negotiation experts. [...]