Debt settlement companies can be a blessing when it comes to getting out of debt. They help negotiate flat rates to get your debt paid off for a fraction of what you owe. Knowing which type of debt settlement company is right is just as important as deciding to use a debt settlement company. A little bit of research can pay off in spades. Some debt settlement companies may charge a fee for negotiating your lower payments or your "pay now" amount. Other companies may only handle your debt if it is over a certain amount. 5,000 to 10,000 dollars in debt is usually the minimum that a company will handle. If the debt settlement company will not handle your case, they may be able to refer you to a debt management company that is better suited for you.
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