difference
Date: Sun, 07/24/2005 - 11:20
what is difference between debt consolidation program and debt settlement program?
A consoldation program will
A consoldation program will entail a firm contacting your creditors and having them either reducing the interest and/or monthly payment. You will pay the firm and they will pay the creditors.
A debt settlement program will entail a firm contacting your creditors to settle your debt for less than the actual amount. i.e. you owe $5000 and the creditor agrees to settle the debt for $3000 etc.
what is difference between debt consolidation program and debt settlement program?