How Debt Settlement Affects Your Credit Score?
Manage episode 375218050 series 3484721
Managing personal finances can sometimes become overwhelming, leading individuals to explore options like debt settlement to alleviate their burdens. Debt settlement involves negotiating with creditors to pay off a portion of what you owe, typically in a lump sum, in exchange for the forgiveness of the remaining debt. While this might provide short-term relief, it's important to understand how debt settlement can impact your credit score in the long run.
Read more: https://cardinsider.com/blog/how-debt-settlement-affects-your-credit-score/
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