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Types of Debts Eligible for Settlement
Credit cards and medical bills are ideal for the debt settlement process because if the cardholder files for bankruptcy, the card company or medical facility could get nothing. The Federal Reserve Board says that 7.1% of credit card debt was 90 days past due in Q4 of 2016. The Fed categorizes that debt as “seriously delinquent,” which makes it eligible for debt settlement. About 26% of U.S. adults had trouble paying medical bills in 2016, which also are eligible for debt settlement. Use debt settlement calculator to to see how much you could save by settling ore consolidating your debt