DEBT SOLUTIONS

Debt settlement is a financial strategy where individuals negotiate with creditors to reduce the total amount owed, providing potential relief for those burdened by significant debt. This approach often involves working with a debt settlement company or directly negotiating with creditors to pay a reduced lump sum or settle debts for less than the original balance.

While debt settlement can lead to a substantial reduction in what’s owed, it also comes with risks like damaging your credit score and the possibility of creditors refusing to settle.