Category Archives: Debt Settlement
When to Hold Off on Debt Settlement
Debt settlement can be extremely beneficial for individuals in the Lilburn area who are behind on debts and have the ability to make an immediate payment for a portion of that debt to a creditor. In exchange for a partial payment, debt settlement involves the creditor agreeing to forgive the remaining debt. The process… Read More »
Can I Settle Debt After a Judgment?
If you owe a significant amount of credit card debt, personal loan debt, or medical debt, you might have considered various options. For example, you might have considered the possibility of debt settlement. Or, you might have considered debt consolidation. In some instances, you might have wondered if bankruptcy is the only option available… Read More »
Negotiating Points for Debt Settlement
Georgia residents who are struggling with significant amounts of unsecured debt may be able to get out of debt by negotiating a debt settlement agreement with one or more creditors. Debt settlement involves a dialogue with the creditor. That discussion concerns the debt owed and the amount the debtor is willing to pay, as… Read More »
Common Steps in a Debt Settlement Process
What should you expect in the debt settlement negotiation process? Debt settlement involves negotiating with one or more creditors to reach an agreement in which the debtor pays a portion of their debt and the debtors forgives the remaining amount. Typically, creditors are most willing to consider debt settlement offers when the debtor is… Read More »
Why is Credit Card Debt So High?
Consumers are continuing to spend high amounts of money on their credit cards and are going deeper into debt, according to a recent report from CNBC. As that report emphasizes, household debt increased again over the last quarter. Much of that debt is associated with credit cards and rising credit card balances. At the… Read More »
What is the Difference Between Debt Settlement and Forgiveness?
Many Georgia residents are currently struggling with debt, even as they continue to add more debt to the balance they owe. According to a recent study reported in Valdosta Today, Georgia is among the top states where consumers are adding the most debt to the balances that are already due. That report indicates that… Read More »
Do I Have to Pay Taxes on Settled Debt?
Debt settlement agreements in Georgia can be enormously beneficial to Lilburn residents. Are you a debtor who is struggling to see a way of paying off your debt but you have the ability to make a lump sum payment for a percentage of what you currently owe? Many debtors are in this situation, and… Read More »
Common Myths About Debt Settlement
If you are currently behind on credit card payments or other debts, you might have started researching debt relief options. If you are considering debt settlement, similarly you may have begun looking into more about how debt settlement works. Like most types of debt relief that can be options for Georgia residents, there are… Read More »
Can I Settle Credit Card Debt from a Balance Transfer?
Debt settlement is often an option for various types of debt in Georgia, including credit card debt. Having credit card debt is extremely common in Georgia, and data from the Federal Reserve suggests that delinquency rates are rising. In other words, more people are defaulting on credit card debt. When you do not make… Read More »
Top 5 Questions About Debt Settlement
Anyone in Lilburn or the surrounding area in Georgia who is struggling with debt should learn more about debt settlement and its benefits. When a consumer is thinking about the possibility of debt settlement, many different types of questions come up. As you might know, debt settlement is a process of negotiating with your… Read More »