Consolidate comment settlement easily

Aug 6th, 2022
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How to consolidate comment settlement

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so the purpose of this video is to introduce the concepts of consolidation settlement how to do those calculations I want to start off by looking at the stresses on a bar so this bar has initial length L naught we apply stress stretches and it changes in length by DL now lets look at the stress-strain relationship for this bar were going to assume that this material has a linear elastic relationship between stress and strain so the slope of our curve between stress and strain is the magis elasticity or e so we can see that we have a relationship and stress is equal to the modulus of C times our strain or that our strain is the stress divided by our body modulus elasticity we also know that our strain is equal to the change in length over the original or initial length and therefore the change in length is equal to initial length times our strain or a debt initial length times the ratio of stress over the Montes elasticity want to look at a case a little more complex the bar that we

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A settled account is considered a negative entry on your credit report since it indicates the lender agreed to accept less than the full amount owed. A settled account on your credit report tends to lower your credit scores, but its effect will lessen over time.
Pay the outstanding dues on your debt to remove Settled status from your CIBIL credit report. Once you pay the outstanding amount, get a No Objection Certificate, otherwise known as NOC from your lender and share it with CIBIL.
Unless the information reported to the credit bureaus is incorrect, you wont be able to remove the settled account from your credit report. You can try to negotiate with the creditor, but legally the debt can stay on your credit report, regardless of payment status.
Debt consolidation is a way to combine one or more debts and pay them off with a single monthly payment, ideally with more favorable terms. A debt settlement, on the other hand, is a way to renegotiate the terms of what you owe so a creditor is willing to accept less than what is owed.
Settlement agreements allow you to pay less than the full balance against the card, but will close the account after that agreed payment has been made.
How long does a defaulted or settled account stay in my report? Once an account has been settled or defaults it will remain on your report for six years from the date the debt was settled, written off or defaulted, whichever happened first. Live accounts will remain on your Equifax Credit Report indefinitely.
What is the credit card settlement process Visit the issuer or a debt settlement agency. Explain your inability to make payments via a credit card settlement letter and mention that youre open to negotiating other repayment terms. Offer a lump sum or inform the issuer of your plans to file for bankruptcy.
Settling a debt will not increase your credit score, but it wont hurt it as much as not paying at all. Debt settlement is a good option if you are struggling to make ends meet and get back on track financially. You can end up saving money and put yourself in a position to improve your credit score in the long run.

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