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Texas Debt Settlement https://www.txdebtconsolidation.com/
Debt Settlement in TX • Debt settlement is a debt repayment plan in which debtors and creditors agree on a reduced debt amount and the debtor pays it off over a period of time. When debtors make payments under debt relief settlement, those funds go to creditors rather than towards paying off principal debt balances.
When debtors enroll in debt settlement Texas programs, they typically stop paying creditors and instead use a portion of their monthly income to pay into a debt settlement fund. Debt settlement companies typically take a 3% to 5% cut from the debtors’ funds for providing debt settlement services. • Over time, debtors work with debt settlement counselors to determine which credit card debt accounts they should settle. • Generally, credit card relief debt settlement is only appropriate for unsecured debt.
Texas Financial Services • Texas Credit Unions • LonghornAutoFinance.com Finance • Commission of Texas • Texas Department of Banking
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