If you’re struggling with credit card and medical bills, debt settlement is worth considering if you are out of options.
Positives:
– consolidate qualified debt into one payment
– your debts will be negotiated down to a significantly less amount
Negatives:
– Settling your debt will hurt your credit score
– You have to pay a fee to the company when debt is settled
– There is no guarantee of success as each creditor is different
Requirements:
– A minimum of $10,000 in unsecured debt (credit cards, medical bills, etc)
– Must be employed
