What Kind of Debt Can I Settle?
Debt settlement is a great choice for people with outstanding personal loands, medical bills, collection accounts, and department store cards. Unfortunatly, mortgages and car loans can not be negotiated. This is because these are secured loans, meaning your creditors have something tangible to seize if you don't pay them. Student loans are also a type of debt that is not able to be settled. They are considered secuted debt because they are backed by the government. In fact, student loans are not even discharged in a bankruptcy.