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Updated by Adam Mhrez on Oct 16, 2019
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Adam Mhrez Adam Mhrez
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Debt Settlement Program

When you subscribe for a debt settlement program, the company approaches your creditors to negotiate a settlement or a better payment plan.

What Are The Pros And Cons Of Debt Settlement Program? | Article Abode

Promises made by a debt settlement company might sound great if you have a high amount of debt to pay off. A debt settlement company is a third party offering debt settlement programs. The company helps you by trying to reduce your debts. The company will negotiate settlements with your debt collectors and creditors. A debt settlement program sometimes works and sometimes leaves you deeper in debt. And, this might also drop your credit score.