kellygillette

The Debt Discounters will conduct business as a consumer Debt Settlement Company. Debt Settlement is a program designed for individuals who have lost the ability to pay the minimum payments required by their creditors, and DO NOT want to file for bankruptcy, enter consumer credit counseling or neglect there obligations altogether . The goal is to offer a cash settlement on the balances owed. This is advantageous for the creditors to accept a settlement offer on past due accounts because in a lot of cases the creditor sells the debt to collection agencies for pennies on the dollar. Debt Negotiation does have inherent risks such as sending the accounts to collections, judgments, and wage garnishments. It also has a negative impact on your credit rating. In Summery: Debt Settlement Companies act as an advocate for consumer debtors in severe hardship and help them mediate honorable solutions with their creditors. They do this by entering into direct negotiations with creditors in order to facilitate the repayment of debts.