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2. Debt settlement - Wikipedia

   en.wikipedia.org/wiki/Debt_settlement

   Debt settlement (also called debt reduction, debt negotiation or debt resolution) is a settlement negotiated with a debtor's unsecured creditor. Commonly, creditors agree to forgive a large part of the debt: perhaps around half, though results can vary widely. When settlements are finalized, the terms are put in writing.

3. Debt relief: Pros and cons - AOL

   www.aol.com/finance/debt-relief-pros-cons...

   Debt settlement is a process that lets you settle large amounts of debt for less than you owe, and it is offered through for-profit debt settlement companies. Typically, these programs ask you to ...

4. These are the best debt relief options — which is ... - AOL

   www.aol.com/finance/different-debt-relief...

   Debt settlement involves working with a third-party settlement company to resolve your unpaid debts. They will negotiate on your behalf with creditors in hopes of getting portions of your debt ...

5. How to tell if debt settlement is a good idea for you - AOL

   www.aol.com/finance/tell-debt-settlement-good...

   Potential debt reduction: Debt settlement may reduce the total amount you owe, providing relief from debt burdens. However, the fees of settlement and late fees can sometimes inflate your debt ...

6. How to negotiate a debt settlement - AOL

   www.aol.com/finance/negotiate-debt-settlement...

   Debt settlement requires the borrower to negotiate a payoff with the lender. For example, let’s say you have $10,000 in credit card debt, ...

7. Debtors' prison - Wikipedia

   en.wikipedia.org/wiki/Debtors'_prison

   Debtors in the United Arab Emirates, including Dubai, are imprisoned for failing to pay their debts. This is a common practice in the country. Banks are not sympathetic to the debtors once they are in prison, so many just choose to leave the country where they can negotiate for settlements later.

8. How to settle credit card debt - AOL

   www.aol.com/finance/settle-credit-card-debt...

   Credit card debt settlement is an option when you're experiencing financial strain and want to reduce your overall debt. You can negotiate with the card issuer yourself or work with an attorney or ...

9. Debt collection - Wikipedia

   en.wikipedia.org/wiki/Debt_collection

   A debt collection bureau in Minnesota. Debt collection or cash collection is the process of pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. [1]