Debt Negotiation Services

Debt Negotiation Services help individuals reduce the total amount of debt they owe by negotiating directly with creditors. These services act as intermediaries, aiming to reach agreements where creditors accept less than the full owed amount, often through a lump-sum payment or a structured plan. This process can lower debt burdens, but it may impact credit scores and has potential tax implications. Overall, debt negotiation can be a strategic option for those struggling to pay debts, offering a path to financial relief outside of bankruptcy.