How will I know if the debt settlement negotiations are successful?
In order to know if your debt settlement negotiations have been successful, you should look for a few key indicators. First, you will look at the written agreement that outlines the terms of the negotiation. The agreement should include the amount of the debt owed, the method of payment, the timeline for payments, and any fees associated with the settlement. If all of these terms are agreeable to you, then the negotiation was successful. Secondly, you should check with the creditor to ensure that the debt has been fully paid and the account has been closed. Once the creditor verifies that the settlement was successful, you can consider the debt settlement complete. Finally, the creditor should provide you with a letter that states that the debt was settled, that it has been paid in full, and that your account has been closed. This letter should include all of the details of the settlement and should be kept for your records. In New Hampshire, if you are working with a debt settlement company, they should be able to provide proof that the debt settlement was successful. The company should provide you with a copy of the settlement agreement, a copy of the letter from the creditor, and any other documents that prove that the debt was settled to your satisfaction.
Related FAQs
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