What kinds of debts can negotiation/settlement companies work with?
These firms can negotiate many different kinds of debt that include credit card debt, medical bills, and other unsecured debts. A few companies can sometimes also help with student loans, but only in terms of removing late fees; and even this is very rare. Most companies will specialize in credit card debt negotiation, since credit card debts are typically unsecured, and comprise the bulk of American debt. Very few settlement companies can help with secured debts such as mortgages or car loans, and if they do – the process is very different from typical unsecured debt settlement.
