How long does it take for Debt Settlement and Repayment?
How long your debt settlement and repayment takes depends on how big your lump sum payoff is. It also depends on how large your monthly payments are. The larger the lump sum payoff, and the larger the monthly payments, the less time it will take to repay your loans.
Yet the time frame is not the primary concern of debt settlement institutions.
Your debt settlement institution will focus more on how much you can afford to pay each month towards your debt. They will also determine if they can help you find less expensive sources of money to enable a lump sum payment. Based on these factors, they will negotiate new loan conditions so that your debt is paid off in a reasonable amount of time. Debt settlement institutions can sometimes help their customers reduce their time to repayment by half.
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