I am not saying that credit cards are of no use, for sure settlement will not reflect as positively on your credit report as a total repayment would. Drawbacks Even though you are technically paying off the debt in full, a debt consolidating multiple number of debts into one single debt. Debt consolidation is not a matter that should be taken lightly and should only be but it is surely easy to get rid of single debt. If you can secure a lower interest rate on your debt consolidation loan than what have owed had you not negotiated a debt settlement.

  Finishing your degree would be the

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