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How Debt Settlement Affects Your Credit Score?
Manage episode 375218050 series 3484721
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Managing personal finances can sometimes become overwhelming, leading individuals to explore options like debt settlement to alleviate their burdens. Debt settlement involves negotiating with creditors to pay off a portion of what you owe, typically in a lump sum, in exchange for the forgiveness of the remaining debt. While this might provide short-term relief, it's important to understand how debt settlement can impact your credit score in the long run.
Read more: https://cardinsider.com/blog/how-debt-settlement-affects-your-credit-score/
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