Q: Is a debt settlement program guaranteed to work?

A: A debt settlement program is not a silver bullet or a magical cure-all for debt-ridden consumers. It is possible that your creditors will not accept your settlement offers and may take legal action to force you to pay your outstanding debts, in full. However, given the expense of taking legal action, debt settlement programs are more likely to work than not. Creditors view debts in the aggregate (total) and, typically, it's a lot more cost-effective for them to agree to your debt settlement terms than it is to take legal action to win a judgment, and then, if they're successful, take further legal action to get you to pay -- and that's if you're even able to pay. Taking all of these factors into consideration, you can see why debt settlement plans work most of the time.

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Please Note: Unsecured debts are debts such as credit cards, personal loans, lines of credit, store cards, medical bills, and utility bills that are not secured by collateral. Mortgages and car loans are NOT considered unsecured debt.
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