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What is Debt Settlement And How Does It Work?

Written by Jasir Jawaid

When you're saddled with lots of debt, chances are you're feeling stressed out by the constant calls from collection agencies and worried you'll never be able to pay off all your debts in full. With multiple obligations to deal with every month, plus the anxiety of debt collectors, you have to decide between making the minimum payment on your credit card debt and student loan payments while covering your living expenses and keeping a roof over your head. While taking on a second or third job may help for a while, you can't sustain that for long. Living on a tight budget is difficult enough when you're not facing mountains of debt as well.

But this is when debt settlement may be of use to you.

This article was published on JoyWallet and can be read here in full.


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