Consolidating debts pros cons

18-Sep-2017 07:26

Their job is to negotiate a new, much lower amount for you to pay on the account.In turn, you pay the debt settlement company a monthly payment and they pay your creditors, minus their commission or fee which they deduct from your payment.

This allows you to consolidate the money you owe into one payment.

May 6, 2002, Revised December 1, 2006, Reviewed July 12, 2007, March 30, 2009, March 2, 2011 Whether or not to consolidate debt is a complicated question.