Debt Settlement - People with bad credit debt consolidation problems should first check with a credit counselor before making a final decision on this option.

What is debt settlement? It's very simple to understand, instead of paying off the total debt owed, an agreement is made between you and your creditor through debt negotiation, to pay and to settle on an amount less than the total outstanding. This particular term or option has an attractive ring to it, but please try to remember a few facts.

Fact number one ( 1 ) all data including settlements and paid in full accounts, get reported to the credit bureaus by your creditors upon settlement of that account.

Fact number two ( 2 ) all credit information will recycle on a credit report at the credit bureaus for a period of  approximately seven years. 

Fact number three ( 3 ) credit information or data on anyone whether good or bad, on a credit report will influence the credit score on that report, either good or bad accordingly.

Fact number ( 4 ) people with the best credit scores get the best interest rates from lenders across the board.

For more detailed information on debt settlement, please fill out the contact form on your right and a credit counselor will contact you within one business day. ( This is a free no obligation quote )