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For example, you might owe $4,000 between charges, interest and fees on your credit card, but you ask the bank to accept $2,500 to settle the account in full. ... their services aren’t free ...
Potential debt reduction: Debt settlement may reduce the total amount you owe, providing relief from debt burdens. However, the fees of settlement and late fees can sometimes inflate your debt ...
The debt settlement company will tell you to stop paying your creditors to give it negotiation leverage. You can expect your score to take a massive hit when working with a settlement company.
Debt settlement involves negotiating with your creditors to pay off a portion of what you owe. Typically, this is a lump-sum payment in exchange for forgiveness of the remaining balance.
Templates relating to quotations. For quotations in articles, either <blockquote>...</blockquote> or the {{ Quote }} template should suffice. Templates that add quotation marks, especially decorative ones such as {{ Cquote }} , are reserved for pull quotes (i.e. should be avoided in articles).
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