Frequently Asked Questions

We receive many inquiries from clients about our debt settlement services. In this section, we aim to answer some of the most frequently asked questions.

What is debt settlement?

Debt settlement is the process of negotiating with creditors to reduce the amount of debt owed. This may involve settling for a lower amount than what is owed, extending the repayment period, or changing the terms of the debt.

Who is eligible for debt settlement?

Debt settlement is typically an option for individuals who are facing financial hardship and are unable to make their monthly debt payments. This may include individuals who have lost their jobs, experienced a major life event such as a death or divorce, or who are struggling with high levels of debt.

How does debt settlement work?

Debt settlement works by negotiating with creditors on behalf of the client to reduce the amount of debt owed. Delve Debt Relief will work with clients to create a debt settlement plan and negotiate with creditors to reach an agreement on a reduced debt amount.

How long does debt settlement take?

The length of time it takes for debt settlement to be completed varies depending on a number of factors, including the amount of debt owed, the number of creditors, and the terms of the debt settlement agreement. On average, debt settlement can take several months to a year to complete.

Is debt settlement a good option for me?

Whether debt settlement is a good option for you depends on a number of factors, including your financial situation and the amount of debt you owe. Delve Debt Relief will work with you to assess your financial situation and determine if debt settlement is a viable option.

Let Us Know Your Questions

At Delve Debt Relief, we understand that the process of settling debt can be confusing and overwhelming. Our debt settlement FAQs provide a starting point for clients who are seeking information about debt settlement and how it works. Contact us today to schedule a consultation and learn more about our debt settlement services.

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