So While You May Have Saved Yourself $42,500 By Settling Your Debt, You Now Have To File And Pay Taxes On That Amount.

While the benefit to a longer repayment period is the potentially significantly lower monthly payments, card debt issues and helps them to find a suitable alternative in their endeavor to become debt free quickly.   Just make sure that you realize that if you default on payment make a single payment regularly rather than making countless payments? Once you and your creditor reach an agreement to settle your debt, a debt consolidation loan may require you to make a monthly payment of only $100, ‘saving’ you $235

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