What documents do I need to provide during a debt settlement process?

When beginning the debt settlement process in West Virginia, it is important to have all necessary documents ready. These documents will include proof of debt, income, budget, and other important information. When it comes to proof of debt, you should provide a statement from each of your creditors. This should include the total amount owed, the type of debt, and contact information for the creditor. In addition, it’s important to have proof that you’ve made payments in the past, such as payment receipts. Income documents are also essential for the settlement process. These should include your pay stubs, bank statements, and tax returns. If you own a business, then you should also provide business income statements. Similarly, you should provide budget documents that show your monthly income and expenses. This should include all necessary spending categories, such as rent, food, and transportation costs. Finally, other documents you may need to provide include a hardship document, if applicable, and any other information that may help your settlement. Debt settlement is a complicated process, so it is important to have all your documents in order before starting the process.

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