What is the Difference between Debt Consolidation & Settlement

In debt consolidation you would put all your bills together into one monthly payment. In debt settlement you negotiate to pay a lesser price.

debt consolidation lumps all of your unsecured accounts into one monthly payment with a lower interest rate, you pay back all of your debt plus interest.  with debt settlement you only pay a portion of your debt back, it eliminates as much off every account as possible via negotiation.

Both have their drawbacks and both have their positives.

Depends more on your circumstances. If you are facing a real hardship and cannot afford your monthly payments then go for settlement. This will offer you almost half monthly payments than consolidation.

If you care about your credit and just want to cut down on your interest rate, go for consolidation.

There is a huge difference to the credit report...Debt Settlement is the one program out of all the options that is the least evasive to the score and the credit report.

It would be my pleasure to give you a free evaluation, and let you know all of your options. I believe in our programs with all my heart. The effects I have seen once the program is completed is amazing. Completely changing lives in such a positive way!

It doesn't effect the score nearly as bad as people think...and obviously its a program where credit scores can be rehabilitated in 12 mo

Hello!

it would be my pleasure to give you a free evaluation, and let you know all of your options. I believe in our programs with all my heart. The effects I have seen once the program is completed is amazing. Completely changing lives in such a positive way!

It doesn't effect the score nearly as bad as people think...and obviously its a program where credit scores can be rehabilitated in 12 months with credit repair.. This is our specialty....please read all 3 pages of frequently asked questions about debt settlement, and call me personally if you need help. My name is Angella, and I am the owner. We have programs that literally change peoples lives, so much for the better

www.newhopemortgagesolutions.com           Call my direct line 1866-611-7725

I can help you achieve Financial Freedom, and get you out of this position quicker than you ever thought imaginable!

Hope this helps!

Angella Founder of New Hope Mortgage Solutions ...Loss Mitigation and Debt Settlement Specialist

nths with credit repair.. This is our specialty....please read all 3 pages of frequesntly asked questions about debt settlement, and call me personelly if you need help. My name is Angella, and I am the owner. We have programs that literally change peoples lives, so much for the better

www.newhopemortgagesolutions.com           Call my direct line 1866-611-7725

I can help you achieve Financial Freedom, and get you out of this position quicker than you ever thought imaginable!

Hope this helps!

Angella Founder of New Hope Mortgage Solutions ...Loss Mitigation and Debt Settlement Specialist

Debt consolidation loans transfer debt from one place to another. While this may sound good, since many times it can appear to lower your monthly payments.

But debt consolidation doesn’t reduce your debt; it merely eliminates multiple high interest rates associated with debt from various lenders. A debt consolidation loan is one viable solution to consolidating your debt. In this situation, you basically get a loan to pay off all your various debt or get a better type of loan.

Debt settlement is the process in which you stop paying your creditors for some time and save that money so that you can then negotiate with them to settle the debt for a lesser amount.

Debt settlement - the most effective way to get out of debt because it reduces the balanced that will be regarded to full.

Debt consolidation - can simply be from unsecured loans.

USA Debt Settlement