Debt Settlement and Its Benefits

Debt settlement is a negotiation strategy between you and your creditors where you pay only a percentage of your outstanding balance as a full and final settlement. Your creditor will accept the partial payment and the rest of the debt is canceled for good. However, there are certain things to understand about debt settlement in order to avoid a negative impact on your credit score. This infographic provides you with a guide to debt settlement and the benefits of hiring a good debt settlement attorney.


** Disclaimer: This blog post does not constitute legal advice, nor does it create a client-attorney relationship.