Consumer Debt Settlement Option – Careful, The Water’s Cold…

Consumer Debt Settlement Option

A Consumer Debt Settlement option is one you might need to consider as part of a debt relief solution. This debt relief option applies when your financial situation is in dire state, just before considering the alternative of personal bankruptcy. The goal of debt settlement is to reduce and payoff your unsecured debts in a short timeframe by negotiating lower payment settlements with your creditors. Given the complexity of this process, the consumer debt settlement option is normally administered by an experienced third-party company. You should be aware that your credit history will be negatively affected as part of this process. A consumer debt settlement option should not be considered unless you are experiencing a financial hardship and it is unlikely you will be able to pay back your creditors unless they accept lower negotiated settlements. To continue…

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