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Private Debt Settlement Companies charge a feebetween 15% and 25% of the debt that the company was originally asked to settle or a lesser amount. You will be asked to stop paying your creditors after you have reached an agreement with a debt settlement company.
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Debt Settlement info@globaldebtadvisory.com
Private Debt Settlement Companies charge a fee between 15% and 25% of the debt that the company was originally asked to settle or a lesser amount. You will be asked to stop paying your creditors after you have reached an agreement with a debt settlement company. The company will assists you to not make more payments.
These payments go into an account in escrow and include the company fee. The company will work with creditors to negotiate a lower amount. After you have paid the agreed amount into an escrow account the debt settlement company will pay the creditor. This process could take up to 2 years.
As the debt Settlement Company negotiates, late fees, additional interest, and credit score damage can build up. This can cause severe credit score damage. Many people leave a debt settlement agreement after not settling their debts. https://globaldebtadvisory.com/debt-settlement- companies/
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