History of Debt Settlement.

The history of debt settlement as a concept, and in practice, dates back to the beginning of the monetary system and the establishment of lending institutions.

In America and through the world we can trace its history to the great depression which created a flurry of debt settlement activities within consumer lending practices and established the concept of debt settlement as an option which became a common practice among business and consumers during the 1930s.

There is no accurate estimate in history as to the number of settlements, but we estimate the figures in the millions. After the great depression the practice continued though not encouraged.