How long will debt settlement take?
The length of time that your debt settlement program will take depends entirely on your personal financial situation, the amount of money you owe, the settlement agreement that is able to broker with your creditors, and any amount of savings you have set aside for a settlement payment. It will also depend on whether you make an upfront, lump-sum payment in order to settle your debt, or if we are able to arrange payment plans with your creditors. The goal of most settlement programs, however, is to get you out of debt in as little as 12 to 36 months. In comparison to the years, or even decades that many people spend struggling to get out from underneath their debt by making minimum payments while the interest adds up, sometimes amounting to more than the principal itself – you can see for some what advantage debt settlement holds.
