I see that a certain debt is being settled. Do I need to add funds to cover the settlement? Follow
No, not usually. When a settlement is sent to you for authorization, it's based on the funds you currently have in your Dedicated Account, your future deposits, any payments going to structured settlements, as well as fees. There may be situations where additional funds could be required to make a settlement happen, but these opportunities will be presented to you beforehand and a settlement would only move forward if you authorize it and are able to add the necessary funds.
However, any time you can manage it, we encourage you to increase the amount of your program deposit or make additional deposits here and there. If your Dedicated Account grows faster than planned, negotiation could start sooner, and you may graduate earlier.
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