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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.

Including all fees, debt settlement costs about 50 to 60 cents for every dollar you owe. So, for example, if you had $40,000 in credit card debt, that debt could probably be settled for somewhere [...]

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 [...]

When you are choosing a debt settlement firm, it is critical that you understand not only how much the firm will charge, but also how and when they will do so. More than any other factor, the fee [...]