Who qualifies for a debt settlement program?
June 1st, 2008
When enrolling into a debt settlement program there are a few things the company looks at first. For starters the debtor must be at least ten thousand dollars in debt. Plus the debt must be unsecured which are debts such as credit cards, medical bills, older utility bills, personal loans. Third for some companies it depends which state a debtor lives in, as the laws from state to state are different and some states offer much more lienient settlement laws than others do. And third a client must fully understand the debt settlement process before enrolling to make sure they do not find themselves in a situation that they did not intend on being in.
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