Simon Ling

Debt Settlement is a process where somebody negotiates on the debtor’s behalf with creditors to lower the overall in exchange for an agreement of lower, but guaranteed and regular payments. Debt settlement is perfect for debtors that require drastic cuts to their monthly payments although, once the cuts are negotiated, they absolutely have to meet the reduced payments.Debt consolidation is where a debtor can merge several lines of consumer debt, typically credit cards, in to one debt, and with a decreased overall interest rate, plus a single monthly payment, making their debt management a much faster and easier process. This is good for a debtor looking to save on interest but otherwise able to handle their monthly debt payment obligations.