Debt Settlement in a Nutshell

Are you struggling to pay off a high amount of debt? It might sound lucrative to turn to a debt settlement company for help. Get in touch with our expert consultants to learn more.

What is Debt Settlement?

Debt settlement refers to a service offered by third-party companies that can try to help reduce your debt by negotiating with the creditors on your behalf. While in some cases they may be successful, there’s a chance that it might lead to bigger problems like higher debt or a damaged credit score. To avoid debt relief scams, you must research properly.

How does debt settlement benefit you?


Lowered amount of debt, depending on your situation and creditors

You get to shake creditors and collectors off of your back

Is debt settlement the best solution?

While it may sound amazingly lucrative, debt settlement has its downsides too. In some cases, the risks may outweigh the benefits. Hence, it’s always advisable to consult experts before taking a call.
  • You can end up paying more debt in the form of interest and late fee
  • Even if your entire debt is not settled, you may be charged a fee
  • Your creditors may not agree to negotiate

Are you looking for debt relief?

 We, at Debt Mitigation Canada, welcome everyone who wants assistance with debt relief.

+1 (416)-814-6024

Call us today for help!

Lunge Towards a Debt Free Life With Us

When you have a lot of debt piled on, debt settlement sounds like a great option. Like we said, you must consider the downsides too. Talk to our expert consultants today to check out if it’s the best option for you. If not, they shall suggest alternatives too.

Frequently Asked Questions About Debt Settlement

Depending on various factors like how collectable you look on paper (based on management of other debts), how long you’ve had the account and how delinquent your account is, the amount may be decided.
Yes. The creditors are well within their rights to file a lawsuit if you’re not paying back your debt. In fact, this is one of the biggest concerns you must address before choosing debt settlement as an option.

Are you looking for debt relief?


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