settlement debts vs pay off debts

Both phrases are correct, but they are used in different contexts. 'Settlement debts' refers to reaching an agreement to resolve debts, while 'pay off debts' means to completely clear the debts by making payments. They are not directly comparable as they convey different meanings.

Last updated: March 21, 2024 • 616 views

This phrase is correct and commonly used in the context of reaching an agreement to resolve debts.

"settlement debts"

This phrase is used when referring to the process of coming to an agreement to resolve debts, often involving negotiation and compromise.

Show examples from the web [+]

(b) Debts subject to settlement. Debts and obligations subject to the debt settlement and Commission review requirements and procedures set forth in this ...
If the obligations at issue are property settlement debts (“nonsupport divorce debt ”), then the Court must determine whether the Debtor has the ability to pay the ...
In addition, all property settlement debts that are owed to a spouse, former spouse, or a child of the debtor are non-dischargeable in a Chapter 7 bankruptcy.
Section III discusses compromises of, and terminations of collection activity on, post- settlement debts that do not require DOJ approval, and is subdivided into: A .

This phrase is correct and commonly used to indicate the action of completely clearing debts by making payments.

"pay off debts"

This phrase is used when talking about the act of settling debts by making payments to eliminate them entirely.

Show examples from the web [+]

Millions of people today are struggling with the weight of high credit card balances or large personal loans and are looking for solutions for how to pay off debts.
Wouldn't it feel great to pay off debts and live life debt-free? After all, owing lots of money not only weighs you down financially, it can be really stressful as well.
Mar 24, 2016 ... ... determine how much money you can put toward debt and what expenses you might be able to cut to find extra cash to pay off debts faster.
Learn more at consumerist.com · consumerist.com. Use Snowball Method Spreadsheet To Pay Off Debts – Consumerist Budget, Budgeting Tips, #budget. More ...

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settlement debts vs pay off debts