Credit Repair Glossary
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Debt Settlement
“Debt Settlement” is a term used to refer to certain types of negotiation and settlement services (that you can do yourself) to pay a reduced amount to creditors. Folks with bad credit or high debt ratios may be able to benefit tremendously from a well-structured debt settlement program.
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Discount
An amount deducted from the regular price for those who purchase with cash instead of credit.
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