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Differences Between Debt Consolidation and Debt Settlement

As the economy continues to struggle and people with it, I have seen more and more commercials advertising debt consolidation or debt settlement.  Sometimes these phrases are used interchangeably, which generally confuses the average person into thinking that they are one and the same.  Since you read this blog, you are not the average person, but just in case you’re unsure about the difference, let’s cover  a few basic  differences between debt consolidation and debt settlement. […]

Debt Consolidation and Debt Consolidation Companies

Debt Consolidation and Debt Consolidation Companies

Debt consolidation is by no means a big mystery. In fact, it is, at least on paper, an exceedingly simple concept. With the help of a debt consolidation company, the debt consolidation procedure essentially renegotiates and then combines all of your obligations into a lump sum handled by the company. As a result, you will have cleaned up and simplified your obligations and the structure of your debt will most likely have improved – in many cases changing from comparatively high short-term repayments to smaller amounts payable on a more long-term timeline. […]