How does Debt Settlement differ from Debt Consolidation?
The names sound the same, but there is a world of difference. Debt Settlement may decrease your debt balance by up to 40-60%. Your results may vary based on our negotiations and Creditor relationships that our Negotiators have established over the years. Whereas, Debt Consolidation Programs combine all your outstanding debt into one lump sum, and secure your total debt amount with an asset with great value such as your home. Debt Consolidation only buys you more time, drawing out the payback process and has risky consequences. Debt Settlement generally takes around 36 months to complete with much lower monthly payments, because your debt may already be reduced 40-60% from the start, although your results may vary and no outcome is guaranteed.
