Debt Settlement

Hi Antonio

Welcome to the forum. It is possible to ask for a settlement on a charge off account bought by a collector. debt settlement program gives the option to reduce the principal debt amount, eliminate the late fees, lower the apr, and give the flexibility to repay the debt within a chosen time span. Once the payment is made in full, it will be shown as "Paid in Full"

There are certain monthly installments to be made in the debt settlement program. In this process, it is noted that the more is paid towards the debt; it takes lesser time to settle that debt. The amount of the monthly installment is fixed by the debt settlement company based on the present financial status of a consumer.

http://www.debtconsolidationcare.com/debt-settlement.html

Please let us know if there is any other query relating to it. We will appreciate your active participation in the forums through your posts, comments and suggestions.

Regards
Roxette

Hi Antonio,
Welcome to the forums.

As per my knowledge, debt consolidation program is a debtor friendly program. Here you can reduce your debt to the extent of 40%- 60%. In addition, you can pay off the debt in easy monthly installments, which fits your pocket.

You can also read this article available at this site to get a clear knowledge about debt settlement. Please click on the following url to know more-

http://www.debtconsolidationcare.com/debt-settlement.html


Hope you will find this information useful.
Do come back for further queries.

Regards,
Peter