Debt settlement companies work as a middleman between you...

Debt settlement companies work as a middleman between you and your creditor. If all goes well (and that's a big if), you should be able to settle your debts for cents on the dollar. You'll also pay a fee to the debt settlement company, usually either a percentage of the total debt you have or a percentage of the total amount forgiven.

Jean Chatzky Quote About Settling, Settlement, Forgiven: Debt Settlement Companies Work As...

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