Understanding Secured Debt Consolidation
Debtis not the same as settlement. With settlement, you pay back an amount that is less than the full total you owe. With , you usually pay back the entire amount owed. However, with , you take out one new loan to pay back several other debts.
Depending onsituation, there may be other ways to consolidate secured debt, or you may even be able to negotiate a secured debt settlement of some type. Your best bet is to talk to an experienced attorney who specializes in debt settlement and who can assist you in making the best choice for financial situation.
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