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Debt Settlement: How do lenders view debt settlement
Unfortunately, many mortgage lenders view debt settlement the same as bankruptcy while other mortgage lenders view debt settlement worse than bankruptcy. Under some mortgage lender's view, a debt settlement is when a consumer were irresponsible and charged up their credit cards or other debt and tried to get off the hook by paying less than the amount they owe. Consumer that had a debt settlement can always do debt settlement again and have always the option to file bankruptcy whereas when a consumer files for bankruptcy they cannot file another bankruptcy for another 7 years. Attached is a blog post I published recently on Debt Settlement.



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