Debt settlement is a process to settle on debts that are owed but typically the holder or the person obligated to pay that it cannot meet their obligations. Settlement is an approach to reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full. The truth is that typically very few consumers have their debt truly eliminated.
As a matter of fact, according to study released by the Colorado Attorney General, only approximately 11% of consumers that had enrolled had their debt actually settled after three years. When asked if most of them were better off after settlement management, the consensus was that it was an understatement. You are legally obligated to pay the creditors and if anyone tells you to stop making payments to creditors, you do so at the risk of having your credit scores reduced, as well as the impact of having missed payments which can remain on your credit report for seven years even after a debt is settled.
However with our management expertise in credit restoration once we have settled the debt we can help to restore your credit within a twelve month period reducing the potential impact to your credit score by several years. To really get a good understanding of what you should do or what your rights are – seek the advice and counsel of a firm that is dedicated to helping.
With our dynamic relationship with Debt Solutions Service of financial management experts and legal experts our team can help you get the results you need while getting you the best possible results. We make debt settlement easier by having experts in both the financial management and legal fields available to help, and working on your what matters to you. Contact us at (702) 570-1100 or toll free (877) 889-3469.
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