Debt settlement programs are usually offered by third-party companies such as Major Debt Negotiators. They try to negotiate with your creditors to lower down your debt. 

Although debt settlement programs are tempting to lower down the number you owe, risks are involved. In this article, we will discuss the pros and cons of debt settlement programs. 

Will it work for you or not? Let us find out! 

The Federal Reserve Bulletin said that about 77% of American households have at least one type of debt. As of the end of 2020, the total personal debt of all United States’ households jumped at $14.54 trillion among 120 million households. 

Receiving monthly payment dues is stressful, especially when you cannot keep up with the payments anymore. But did you know that there is a way out? 

At this moment, debt settlement comes into play. What is this type of settlement? 

In this article, we will discuss debt settlement programs and how it works.