Debt settlement is a process of negotiating with creditors to reduce the amount of debt owed. Debt settlement companies typically charge a fee for their services, which can range from 15% to 25% of the amount of debt that is settled.
There are many benefits to using a debt settlement company. First, debt settlement can help you to get out of debt faster than you would be able to on your own. Second, debt settlement can help you to improve your credit score. Third, debt settlement can help you to save money on interest payments.