When can I start making payments on my debt settlement?

The timing of when you can begin making payments on a debt settlement will vary depending on the debt settlement program you choose. In Nebraska, most debt settlement programs require you to open a savings account and begin making payments into it according to a payment plan. Once you reach the full amount of your debt settlement, your debt settlement company will then contact your creditors to negotiate a settlement. Once the settlement is reached, the settlement company will instruct you to make payments on the agreed-upon settlement. Some debt settlement programs allow you to begin making payments from the start, while others may require you to save a certain amount in the savings account before they will contact your creditors. Often, these debt settlement companies will also require you to be current on all your financial obligations, such as credit card payments and car loans. The best way to determine when you can begin making payments on your debt settlement is to contact the debt settlement company directly for the specifics of their program. Let them know you live in Nebraska and that you want to start making payments as soon as possible. They will be able to provide you with advice and guidance on the best plan to get you back on financial solid ground.

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When can I start making payments on my debt settlement?

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