How Debt Settlement Works? ​

How Debt Settlement Works?

By – CreditQ

What is Debt Settlement?

Debt settlement means a creditor has agreed to accept less than the amount you owe as full payment. Once it accepts that deal, the creditor can't continue to hound you for the money and you don't have to worry that you could get sued over that particular debt.

Here Are Few Tips if You Want to Do Settlement:

1 Credit Bureau

2 Review the Fee

3 Ignore Fake Companies

4 Avoid Negative Way of Settlement

Check with the better business bureau to see

Credit Bureau

if there's a history of complaints. At CreditQ you can easily track defaulters and can will like our payment settlement process transparency.

with

Review the Fee Make sure fees are structured as a percentage

of

debt

eliminated

rather than of debt balance at enrollment; that gives the company incentive to trim more of your debt.

Ignore Fake Companies Stay away from any company that seeks money in advance or guarantees that your debt can be settled.

Avoid Negative Way of Settlement Avoid companies that promise to help you challenge debts to have them declared “invalid” (a tactic that can backfire and result in more aggressive action against you).

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Thank You

Email: support@creditq.in Website: https://creditq.in