What Are the Pros and Cons of Credit Card Debt Settlement?
Credit card debt settlement is a frequent way for consumers to solve outstanding payments. A personal debt to a lender often is settled by a third-party debt consolidation company. These organizations help negotiate the overall amount of the debt, providing many of the pros of debt settlement: the total costs usually is lowered, a negative credit history can be erased or improved, and much of the stress is taken away from the debtor. There also are many cons of credit card debt settlement, such as a bad credit report, taxes and the fees charged by consolidators.
