@Mille Kentk Man, this issue is really interesting and quite complex. Debt settlement is the process of negotiating with creditors to reduce the total debt in exchange for a lump-sum payment. A successful settlement occurs when the creditor agrees to forgive a percentage of the total account balance. Usually, only unsecured debts not secured by real assets, such as homes or cars, can be settled. It is very difficult to handle such a problem on your own. In my case, I applied for
Mortgage Advice London. If I had not turned to professionals, I would most likely be in debt for the rest of my life. I recommend consulting with economists. If you have options, then try to avoid mortgages! I hope you solve your problem!
Edited 1 time(s). Last edit at 03/23/2022 05:25AM by Sallymayorz.