Creditors are using this stimulus cash to make up for deficits they are experiencing by means of personal debt settlements
. For that reason, they've got a lot more flexibility when negotiating unsecured debt consolidation. Creditors will generally make their decision based on your income, payment history, financial situation, and the number and amount of the debts being settled. They're unlikely to negotiate a greatly reduced settlement if you're able to pay most of your other debts or own a home with equity. Creditors do not often sue you. But if they do, what will happen you will be absolutely shocked.