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2. How to negotiate a debt settlement - AOL

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

   Once you’ve reached a debt settlement agreement, send a letter to your creditor detailing the terms of the agreement. Include the settlement amount and that the creditor is accepting that amount ...

3. How to negotiate debt with credit card companies - AOL

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

   Debt settlement companies. Debt settlement companies are for-profit businesses that will try to negotiate lump-sum settlements with your creditors. Typically, you stop making payments to your ...

4. Accord and satisfaction - Wikipedia

   en.wikipedia.org/wiki/Accord_and_satisfaction

   Accord and satisfaction is a settlement of an unliquidated debt. For example, a builder is contracted to build a homeowner a garage for $35,000. The contract called for $17,500 prior to starting construction, to disburse $10,000 during various stages of construction, and to make a final payment of $7,500 at completion.

5. Best debt relief options for credit card debt - AOL

   www.aol.com/finance/best-debt-relief-options...

   Debt settlement entails negotiating with creditors to reduce the total debt amount owed by offering a lump sum payment. This usually entails funding an escrow account and offering to pay off a ...

6. Debt settlement - Wikipedia

   en.wikipedia.org/wiki/Debt_settlement

   A portion of each payment is taken as fees for the debt settlement company, and the rest is put into the trust account. The consumer is told not to pay anything to the creditors. The debt settlement company's fees are usually specified in the enrollment contract, and may range from 10% to 75% of the total amount of debt to be settled. [13]

7. 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 ...