Market Highlights:
The loan scheme is also known as debt reduction, debt negotiation, or debt resolution. Settlements are negotiated with the debtor's unsecured creditors. Generally, creditors agree to extend a large portion of the loan, perhaps around half, although results can vary widely. When the settlements are finalized, the terms will be put in writing. It is customary for the debtor to make a lump sum payment in exchange for the obligee to agree that the debt is now canceled and the matter closed. Some bills are paid over several months. In either case, the former debtor's credit report will not show any outstanding debt as long as the debtor does what was agreed in the negotiations. The settlement is successful when the creditor agrees to allocate a percentage of the total account balance. Usually, only unsecured debts that are not secured by real assets such as houses or cars can be settled. The various unsecured debts include medical bills and credit card debt, but not public student loans, car finance, or mortgages. Obviously, for the debtor, the comparison makes sense: you avoid the stigma and intrusive judicial bankruptcy controls while lowering your debt balances, sometimes by more than 50%. For the creditor, they regain confidence that the borrower intends to repay what he can and not file for bankruptcy (in which case the creditor risks losing all sums owed). The market study is being classified by Type (Credit Card Debt and Student Loan Debt), by Application (Enterprise and Household) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the Credit Settlement are Guardian Debt Relief (United States), Debt Negotiation Services (United States), Premier Debt Help (United States), Freedom Debt Relief (United States), National Debt Relief (United States), Rescue One Financial (United States), ClearOne Advantage (United States), New Era Debt Solutions (United States), Pacific Debt (United States) and Accredited Debt Relief (United States).



Key Questions Answered in the Report
What will the Credit Settlement Market size and the growth rate be in Future?
What are the key factors driving the Credit Settlement Market?
What are the key market trends and macro-economic impacting the growth of the Credit Settlement Market?
What are the challenges to market growth?
Who are the key vendors in the Credit Settlement Market?
What are the market opportunities and threats faced by the vendors in the Credit Settlement Market?
Trending factors influencing the market shares of the Players.
What are the key outcomes of the five forces analysis of the Credit Settlement Market?

Refer complete Table of Content of Credit Settlement Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Credit Settlement market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Credit Settlement market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, and Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.