Pros & Cons of Debt Settlement
Debt settlement is a process where you negotiate with your creditors to pay off your debt for less than what you actually owe. This can be a good option if you’re struggling to make your monthly payments, but it also has some risks that you should be aware of before you decide to go this route.
One of the biggest advantages of debt settlement is that it can help you significantly reduce the amount of money you owe. If you’re able to successfully negotiate a settlements, you could end up paying back only a fraction of what you originally owed. This can provide much-needed relief if your debt has been weighing heavily on your finances.
However, there are also some potential drawbacks to debt settlement that you should be aware of. One is that it will likely damage your credit score, at least in the short term.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is it to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706