Category: Debt Settlement

Debt settlements are formed when a debtor is unable to pay back debts owed; hence rather than announcing bankruptcy they attempt to come to an agreement with the lender. The debtor might need to get the assistance of debt settlement company to help initiate, manage and seal the deal. Steps followed in debt settlement The […]

Being in debt does happen sometimes but it does not have to be as bad as it seems. Credit card debts might not be as large as you think if you know who to ask and also how to ask for it. There is a possibility of cutting off as much as over 50 percent […]

It is possible to run into debts in the business world but the manner in which the debts is handled greatly matters as it can affect the debtor’s reputation. Payment of debts might prove difficult if the debtor is low on funds and unable to payback at once. This situation is quite tricky and can […]

A debt is money or value owed by one entity to another as a result of financial transactions in which payment was not made fully or at all. For new debtors, the experience can be a galling one. Nothing can fully prepare one for the sensation of panic and fear when a call from the […]

Debt settlement is a negotiation that involves the forgiveness of debt owed in exchange for a fraction of original debt. Different laws regulate the settlement of debt depending on jurisdiction. Professional debt settlement This involves a debt settlement company. The company receives the sum agreed at the settlement from the debtor. The company serves as […]

Debt settlement is the settlement discussed with a debtor’s creditor. This usually occurs with creditors that do not have the benefit of any form of security interests in the assets of the debtor. During debt settlement, the creditor most times decides to forgive large part of the debt most likely around 50 percent of the […]

You may be running a business successfully. As the possibilities of running a business without debt are low, you may have some debts over your shoulders. Times could go better or get worse regardless of our efforts. If your situation is bad, you could not repay the debt. If you stop paying the creditor, the […]

Debt settlement company’s efforts are vital to reduce the amount you owe to your creditors that you could not pay in full. However, you should be careful while choosing a debt settlement company. As per the blogs of John Abio, you can choose a better debt settlement company by checking the following. Referrals Sometimes, you […]

If you are in a tight situation with tons of unbearable debt, you should go to a debt settlement company that could reduce the debt settlement amount. According to the blogs written on financial sites like that of John Abio, the following are the factors to look at while choosing a debt settlement company. Referrals […]