What is the process for appealing a denied debt settlement?

The process for appealing a denied debt settlement varies by state, but in California, it is important to first understand why your debt settlement was denied. When you are denied a debt settlement, the creditor must provide you with a written explanation as to why. Once you have this explanation, you can appeal the denied debt settlement by submitting a written request to the creditor. The request should explain why you think the debt settlement should be approved, and include the documents and information supporting your argument. In California, the creditor is required to consider the appeal, and must provide a response within 45 days. If the creditor maintains that the debt settlement should be denied, then you can reach out to the appropriate government agency to file a formal complaint about the decision. It is important to note that you will also need to continue making payments on the debt until the debt settlement is approved or the dispute resolved. If you stop making payments, the creditor may take additional legal action against you. Creditors are not obligated to accept a debt settlement, even if the appeal is approved, so it is important to be prepared to prove the validity of your argument if the appeal is denied. It is also helpful to contact a debt settlement attorney if you need help fighting a denied debt settlement.

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What is the process for appealing a denied debt settlement?

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