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How does business debt settlement differ from debt consolidation?

April 26, 2017Business debt consolidation Debt Settlement differ

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How does business debt settlement differ from debt consolidation?

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A debt consolidator basically uses your funds to seek long-term payouts, not debt settlements. In many cases you must pay fees to the consolidator monthly, and often the consolidator also earns fees from your creditors. As a result, you may end up paying 150% or more of your original debt. In contrast, PSI’s debt settlement differs in that significant discounts are obtained from your creditors, your debt is satisfied and your slate is wiped clean.