What is debt settlement?

Debt settlement is the process of paying off your debts for an amount less than you owe. For example, a person with a Chase credit card with a $10,000 balance might only be able to pay $4,000 to close and “settle” the account and have the remaining $6,000 forgiven.

You can learn more about debt settlement here.

To explore all your options, you can create an account here.

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