Creditors do differ in the amount of debt reduction that they’re willing to settle for. Chase Bank won’t be the same as Bank of America, or Wells Fargo, or a local bank. A lot of it will also [...]
Although different creditors have different settlement guidelines, you can typically expect to pay around 50 cents on the dollar for your debts, including all fees.
Debt consolidation is a term that is easily misunderstood and often misused, and it is not the same thing as debt settlement. True debt consolidation involves taking out a loan greater than or [...]
No, they are not the same thing at all. In a consumer credit counseling plan, you pay back all of your debt over time, plus interest (although usually at a reduced interest rate). With debt [...]
Debt settlement is a type of debt relief that provides an alternative to bankruptcy. It involves negotiating with creditors so that they will accept less than the total amount they are owed to [...]