Negotiating a debt settlement

What are my rights?

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

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.

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  • This information applies to British Columbia, Canada
  • Reviewed for legal accuracy in June 2018
  • Time to read: 7 minutes

Reviewed for legal accuracy by

Mario Garcia, CarbonCure Technologies

Mario Garcia

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