If your creditors don’t accept the settlement offer, you can still use your lump sum to reduce your debts and explore other debt solutions.
It depends on the type of settlement you do. A full settlement will appear as “fully satisfied” on your credit file. Partial (or short) settlements will be marked as “partially satisfied” and remain on your credit file for six years. Your creditors will update your credit file after the settlement is completed.
No – our debt settlement service is completely free. Some third-party providers charge a fee, so be sure to check before deciding how you want to proceed.