This is another classic 50% settlement example -- a balance of $5,156 settled for
$2,578. Any time you can chop a debt in half, that's a powerful result.
Settlements
like this allow consumers to resolve their debt problems without having to declare
bankruptcy. Settlements are a private transaction between the consumer and the creditor,
unlike bankruptcy, which becomes a matter of public record. It simply makes sense
to take matters into your own hands, communicate in good faith with your creditors,
and work toward a mutually agreeable solution.
Note: The image file below is a scanned reproduction of a faxed original. The
client's name, address,
and account information have been deleted to protect their privacy. No other alterations have been made
in any way to the originals or the digital images.
