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Debt Settlemet

This is a discussion on Debt Settlemet within the Credit Problems and Repair forums, part of the Mortgage and Loans Forum category; Debt Settlement without Mortgage broker is right way or not??? what is your comment on this??? ...


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Old 05-18-2010, 10:31 AM
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Debt Settlement without Mortgage broker is right way or not???

what is your comment on this???
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Old 09-17-2010, 06:58 AM
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Debt settlement, also known as debt arbitration, debt negotiation or credit settlement, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.
As long as consumers continue to make minimum monthly payments, creditors will not negotiate a reduced balance. However, when payments stop, balances continue to grow because of late fees and ongoing interest.
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