Negotiating a debt settlement

What are my rights?

If I hire a debt settlement company, my creditors must negotiate with them.

If you’re experiencing debt problems, one option to explore is whether your creditors may be open to negotiate a debt settlement. This involves paying your creditors a lump sum amount that’s less than the full value of the debt you currently owe. Learn what’s involved in a debt settlement, and how to protect yourself in negotiating one.

What you should know

Work out the problem

Common questions

Who can help

Reviewed for legal accuracy by

Mario Garcia, CarbonCure Technologies

Mario Garcia

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This website explains in a general way the law that applies in British Columbia, Canada. The information is not intended as legal advice. The cases we refer to reflect real experiences, but names have been changed. See our full disclaimer.

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