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Please check the answer here: http://wiki.answers.com/Q/What_are_the_disadvantage_of_debt_settlement&updated=1&waNoAnsSet=1

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16y ago

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Related Questions

Do you have to declare what you save to the IRS if you go through debt settlement?

Yes, you have to declare what you save to the IRS if you go through debt settlement. You can read more information at www.debtfreedestiny.com/debt-settlement/debt-settlement-and-income-taxes


Is settlement good or bad on credit report?

Debt settlement is good for your credit rating. Just settle the debt and move on. Do not use a debt settlement company, ever.


Where can one find reviews on debt settlement companies?

Reviews on debt settlement companies can be found on Top Ten Reviews, Debt Settlement Reviews, My Money Coach, No More Debt and For the Love of Money.


Who are the best debt settlement attorneys in Boston?

The best debt settlement attorneys in Boston, Massachusetts work at reputable firms such as Afford & Bertron, Parker & Associates, and Worchester Debt Settlement.


What is the Maori word for settlement of a debt?

I think it may be utu


What are some reputable debt settlement companies?

There are many reputable debt settlement companies out there to help people with solutions to debt problems. You can check with the Better Business Beurau to find the beat rated debt settlement companies in your area.


What exactly is a debt settlement?

Debt settlement, also know as debt arbitraton or debt negotiation, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.


Is debt settlement a good choice?

AnswerDebt settlement helps you in reducing your debt amount significantly, the debt settlement company negotiates with your creditors to reduce your debt amount. It is a better option than filing bankruptcy. I took help of Freedom Debt Relief and their debt reduction program helped me in reducing my debt amount.


Where can one find help with debt settlement?

One can find information on debt settlement by speaking to a financial advisor. Debt settlement will usually consolidate all of your loans, bills and other debt, so one can make payments monthly.


What companies offer debt settlement USA?

Debt Settlement Corporation of America is a leading company offering debt settlement.The other two largest companies are Debt Relife Alliance and Debt Solutions.


When would one receive a debt settlement letter?

One would receive a debt settlement letter online on OVLG's website. OVLG is a company that offers free sample debt settlement and debt validation letters for creditors and credit bureaus.


What are the advantages of a debt settlement program?

The advantages of a debt settlement program are that one can potentially get their debt load reduced and pay off the balance sooner. Usually one would have to negotiate with the creditors in order to come up with an agreement for the debt settlement.