What is Debt Settlement?:

What is debt settlement? Debt settlement is an agreement between a creditor and a debtor to settle a debt for a reduced lump sum payment.

If you are in debt because of a financial hardship, you may qualify for a debt settlement program. While in a debt settlement program, a negotiator will reach an agreement with your creditors where the creditors agree to cancel part of the debt and accept a percentage of the money owed as full repayment.

On average, debt settlement programs are able to lower monthly payments to approximately half of the minimum monthly credit card payments, get you out of debt for as low as 40% of what you owe, and help you get debt free in as little as 3 years. For more information on debt settlement, sign up for a free consultation with a financial consultant at Fast Debt Solutions.

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