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Can I decide on my own how much to pay to a consolidation or a settlement company?

Submitted by Jose29 on Mon, 05/22/2017 - 23:32

Can a consolidation or a settlement company help me if I'm not able to pay much monthly? Or, do I have to pay whatever they decide for me29

Usually, the consolidation or settlement companies decide an affordable amount for you after assessing your financial condition. However, you can obviously have a discussion to decide on thye payable amount.

Submitted by Good Nelly on Tue, 05/23/2017 - 04:58

Good Nelly

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The payment amount is decided on the basis of your affordability. A consolidation company will negotiate with creditors to reduce your interest rates. Settlement companies will negotiate to lower the principal amount.

Submitted by ditchdebt on Wed, 05/24/2017 - 03:06


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Whether you choose consolidation or settlement, earning extra and following a budget is central to any debt relief strategy. The more liquidity you have the larger you can make your debt payments to be. As already, just check your affordability before deciding any one of the two.

Submitted by paulcahill80 on Wed, 05/24/2017 - 07:52


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