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For example, let’s say you have $10,000 in credit card debt, ... Debt settlement is a largely unregulated industry, so it’s important to avoid debt relief scams.
That said, bankruptcy has some advantages compared to debt settlement. For example, while you try to settle a debt, your creditors may still sue you for nonpayment. In addition, you may have to ...
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.
Here are some examples from different lenders: Capital One: ... Many debt settlement services operate on a for-profit basis, meaning they charge a fee for their assistance. This additional cost ...
Getting debt relief through debt settlement If you have over $7,500 worth of unsecured debt and your credit is in bad shape, then seeking a program through a good debt relief company may be your ...
For example, you could incur serious credit damage. This is because many debt relief companies might tell you to stop making regularly scheduled payments, and even then your creditors may not ...
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