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Debt Settlement Help

Debt settlement refers to a negotiation between a debtor and lender in which the lender agrees to accept less than the entire amount of debt as full payment. Debt settlement is most frequently used to negotiate credit card debt. After agreeing upon a final payment amount, the creditor will order the debtor to pay the negotiated sum within a certain timeframe, such as one week. Debt settlement companies can help debtors initiate and complete negotiations with creditors.