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Debt negotiation means your creditor has agreed to accept less than the full amount of your debt as payment– it also means debtcollectors can’t harass you for your payments. Debtsettlement with the wrong organization or a scam can destroy your credit. What do you need to keep in mind though?
Rated the best debt relief company on Trustpilot. A Guide to DebtSettlement Services. If you’re on the brink of bankruptcy, a final option before filing is to try the services of a debtsettlement firm. As Experian notes , “Debtsettlement is a risky process with no guarantee of success.”.
The only problem came when after not paying on an account for 6–7 months, I came to find out that Freedom Debt Relief couldn’t settle this particular account. I had to make my own payment arrangements with the debtcollector so that we could keep our furnace. It was for a PMSI loan for an outdoor wood burning furnace.
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