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.
If
your financial condition is too bad, then you will get assistance on it.
After that, you will get a payment rate according to your affordability.
I think this will help you.
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.
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.
Sub: #1 posted on Tue, 05/23/2017 - 04:58
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Sub: #2 posted on Tue, 05/23/2017 - 05:38
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