Clearing Debt: Understanding the Duration of Debt Settlement Programs
If you're struggling with a large amount of debt, a debt settlement program may be a viable option to help you get back on your feet. However, before committing to any debt settlement program, it's essential to understand how long the process typically takes.
Debt settlement programs are designed to help individuals and businesses negotiate a reduction in their outstanding debt balances. The process usually involves working with a debt settlement company, which will negotiate with creditors on your behalf to reach a settlement agreement. Once a settlement is agreed upon, you'll typically make payments to the settlement company, which will then disburse payments to your creditors.
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