Behind on your debt? Facing bankruptcy? Debt settlement can help to eliminate your outstanding debts for less than the amount actually owed
to the creditors. This is also known as Debt Arbitration or Debt Negotiation.
Key benefits of debt settlement services are:
Why would creditors accept reduced payment?
- Pay less
- Avoid creditors
- One monthly consolidated payment
- Extra time to pay
Creditors will always try to recover any default or bad loans. They typically sell the default loans to collection agencies for very little so it is in the best interest of creditors to settle for a reduced payment on what they are owed rather than risk not getting anything at all.