Definitions for "Debt Settlement"
A process where you pay an agency to negotiate directly with your creditors in the hopes of making significantly reduced settlements for your debts. Working with a debt settlement company can result in damaged credit from numerous late payments and collection records. Consumers should fully investigate the practices, reputation and costs of working with a debt settlement company before signing up.
Negotiating to repay creditors a lesser amount than is actually owed.
an agreement between a debtor and a creditor to fully satisfy a debt for a reduced payoff amount
Keywords:  rely, solution, cash, applicant, access
a solution to rely on when the applicant has some access to cash
Keywords:  dedicated, helping, company
a company dedicated to helping
a unique and cost-effective approach to eliminating your debts
Keywords:  lump, sum, payment, time, one
a one time lump sum payment
Keywords:  percentage, total, way, off, pay
a way to pay off percentage of your total debt