Consolidating customer information

All fees must be taken as a percentage of the settled debt.Additional rules stipulate that any dedicated accounts created as part of a settlement plan must be owned by you, and you can withdraw funds from that account anytime.You have to stop making payments because companies only settle delinquent debt.

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We’ve been reviewing debt settlement for seven years.

For our most recent update we spent 80 hours researching the industry and reviewing individual companies.

One thing to note is that this is on top of what you pay your creditors.

For example, if you settle $30,000 of debt for around $12,000 and the debt settlement company takes a fee of 20 percent on that debt, you’ll pay an additional $6,000 to the settlement company.

The settlement companies we interviewed all offer flexibility in these situations, letting you divide your payment into monthly installments.

Debt settlement is only one of many options for managing debt when it gets out of hand.

Once you join you’ll get access to a dashboard that lets you track the progress of your settlement, see how much you’ve deposited and access useful budgeting and financial tools.

You may want a more personalized approach, and for that we recommend New Era Debt Solutions.

If you value customer service most, Freedom Debt Relief is a good choice as its customer service is highly regarded in the industry.

Customers get quick responses to calls and emails, and company representatives undergo three months of training before taking calls.

By entering a debt settlement program, you agree to have the debt settlement company negotiate with creditors on your behalf.

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