What are the benefits of debt settlement?
The chief advantage of debt settlement, of course, is that you could pay less money than you actually owe, and yet still discharge your debt. In some cases, clients of debt settlement have been known to pay as little as half of their debt principal, and have therefore been able to become debt-free in just 12 to 36 months. That’s compared to the years, or even decades, that it might take for you to pay off your debt in the traditional way, with monthly payments that barely cover the minimum due. There’s another benefit of settlement, that can’t be measured or calculated. It’s the peace of mind you’ll feel from honoring your commitment to pay your creditors as much as you can afford. You’re facing your debt problem head-on and acting responsibly, as opposed to simply hiding from the problem and hoping it goes away.
