When the stress of debt starts to build, there are several options to help provide a solution. These options are Debt Settlement, also known as debt negotiation or Performance Based DEBT SETTLEMENT.
The goal of Debt Settlement is to reach agreed resolutions for the outstanding debts. It works the best when the debts are not secured by any real property.
Upon completion of a settlement agreement and payment of the settlement amount, a settlement letter is provided. See sample consumer Debt Settlement and negotiation letters.
Due to the fact that most individuals and small business owners do not have a lump sum (or if they did, they wouldn’t be needing financial assistance), most settlement programs work where the individual saves or sets aside money on a monthly basis and based on those funds, negotiations are performed.