Well,
it solely depends on the debt consolidation company you are approaching.
The consolidation company negotiates with your creditors on your behalf
to reduce the interest rates. You can expect that your interest rates
may get reduced by half.
No one
can give you the exact answer. It's impossible. Much depends on the type
of debts you have, the negotiation skills of the debt counselors, and
the temperament of lenders.
If you have payday loans or credit card debts, which usually carry a
very high interest rate, then you can see a substantial drop in the
interest rate.
Yes,
it's true. It depends on the negotiation skills, your previous
relationship with your creditors, and so on. However, if you opt for
settlement through a settlement company, the payoff amount may get
reduced by 40% - 60% you can assume.
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Sub: #1 posted on Tue, 11/12/2019 - 23:17
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If you have payday loans or credit card debts, which usually carry a very high interest rate, then you can see a substantial drop in the interest rate.
Sub: #2 posted on Wed, 11/13/2019 - 21:50
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Sub: #3 posted on Thu, 11/14/2019 - 23:31
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Sub: #4 posted on Fri, 11/15/2019 - 05:15
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