HOW LONG DOES IT TAKE TO COMPLETE A DEBT SETTLEMENT PROGRAM TO ELIMINATE MY DEBT?
The length of time it takes to complete a debt settlement program is almost solely determined by the amount of discretionary cash that the individual(s) can set aside and accumulate for the lump sum negotiation process. Most programs are anywhere from 12-42 months in duration. Consumers do like the flexibility that a debt settlement program offers in the way it allows them to set aside a predetermined goal or targeted amount for future creditor settlements. If one month, expenses in the household are high, they can set aside a slightly lower amount than their targeted plan, and catch up the following month. They can also use any lump sum cash they receive during the year (i.e. bonuses, tax refund) to speed up the process by setting those monies aside for creditor settlements.
