Creditors are not obligated to negotiate a settlement for the amount owed, and debt settlement companies may prioritize negotiating smaller debts while allowing interest and fees on larger debts to accumulate.

Authors

• Person: Not available Organization: Federal Trade Commission
  How To Get Out of Debt | Consumer Advice

Sources

• How To Get Out of Debt | Consumer Advice consumer.ftc.gov Federal Trade Commission via serper

Referenced by nodes (1)

• debt settlement company concept