What Services Do Debt Settlement Credit Repair Orgs Provide?

A debt settlement credit repair service offers the same services as other types of credit repair services and organizations. This includes counseling and assistance with items that appear on a consumer credit report including those reported in error. A debt settlement credit repair organization can also help negotiate payments schedules and work with consumers and creditors to settle outstanding debts and improve credit scores.

What a Debt Settlement Credit Repair Organization Does

A debt settlement credit repair service works to find ways to lower the overall debt level for a consumer. By analyzing an individual’s financial situation, which includes reviewing a credit report for errors and mistakes, the debt settlement company can approach an individual’s creditors and make offers for the retirement of an outstanding debt. This negotiation works in the favor of both the consumer and the creditor.

Functions of a Debt Settlement Credit Repair Organization

In many cases, a credit repair organization is a debt settlement company whose purpose is to help a debtor reduce their bills and remove old items from their credit report. The debt settlement company is good for creditors who may have long given up on the collection of an old debt by working on a negotiated settlement between the parties. The credit repair function is integral to debt settlement.