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Debt Settlement
Debt settlement is a process to
eliminate your outstanding debts for less than the amount
actually owed to the creditors. In this process, you stop
paying monthly installments to your creditors and instead save
the money. When you have saved at least 50% of the total
amount, you start negotiating with your creditors for a
settlement. This process is also known as Debt Arbitration or
Debt Negotiation and it can be a good alternative to
bankruptcy.
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