How do I know if I have been approved for a debt settlement?

When it comes to debt settlement law in California, there are a few ways to know if you have been approved for a debt settlement. First, you should always check with the creditor that holds your debt to see if they have officially accepted the settlement agreement. Once the creditor has accepted the settlement agreement, you should be able to get a written agreement that states the terms of the settlement. This agreement should provide you with the total amount that needs to be paid and also the payment schedule. Another way to know if your debt has been settled is if the creditor stops pursuing you for repayment. If you have received no contact from the creditor after sending the settlement agreement, that usually means that the creditor has accepted the settlement and is moving on. Finally, you can also confirm if your settlement has been approved by checking your credit report. Your credit report should reflect the settlement and should also indicate whether the debt has been paid off or not. Overall, the best way to know if your debt settlement has been approved is to check with the creditor and look at your credit report. By following these steps, you should have a clear understanding of whether or not your debt settlement has been accepted.

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How do I know if I have been approved for a debt settlement?

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