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.
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 [...]