What is the difference between consolidation and settlement

Consolidation mechanism. Consistency limits and its determination. Consistency index. Compactionfield method and interpretation of lab method. Compaction and its effects on soil. Determination of co efficient of consolidation method. Characteristics of different types of soils. Related Books Free with a 30 day trial from Scribd. Related Audiobooks Free with a 30 day trial from Scribd. Empath Up! Divyansh Mishra.

Mehdi Ben Taieb. Surya Swaroop , Gaurav Kolte , Student at Government polytechnic pune. Ganesh Koli. Sathira Nipun. Chaitali Patel. Tlalane Letlhaku. Rushab Kucheriya. Show More. Views Total views. Actions Shares. No notes for slide. Consolidation settlement 1. Consolidation Settlement 2. Debt settlement can be harmful to your credit score because the process requires you to stop paying your bills and go delinquent on your debts.

Along with the hit to your credit, some creditors may refuse to negotiate with you and could sue you for nonpayment and garnish your wages. For these reasons and others, debt settlement can be risky and is not an ideal option. Ben Gran is a freelance writer who covers personal finance and financial services. A graduate of Rice University, he has written for several Fortune financial services companies.

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Debt Consolidation Debt Settlement How It Works It aims to reduce the number of creditors you pay by combining your debts into one new loan.

It aims to lower the total amount of debt you owe. As a form of debt forgiveness, you or a company negotiate with creditors to reduce your debt obligation. It may cause a slight dip in your credit score initially, but it can help improve your credit score in the long term by reducing your credit utilization ratio. It can cause a significant hit to your credit score, since it typically requires you to go into delinquency on your debts.

What Does It Cost? You might have to pay a loan origination fee to take on your new debt consolidation loan. Interest rates for loans vary. Debt settlement may not cost anything if you manage the process yourself, without hiring a company. Combining multiple debts into one can help simplify and focus your finances. Debt settlement may help reduce the total amount of debt you have to repay.

Disadvantages Debt consolidation does not eliminate your original debt; it reorganizes it. The debt settlement process is risky. It can be detrimental to your credit score. And it can be costly. Was this article helpful? Share your feedback. Send feedback to the editorial team.

In coarse soils sands and gravels , volume change occurs immediately as pore pressures are dissipated rapidly due to high permeability. In fine soils silts and clays , slow seepage occurs due to low permeability. Components of Total Settlement The total settlement of a loaded soil has three components: Elastic settlement, primary consolidation, and secondary compression.

Primary consolidation is the major component and it can be reasonably estimated. A general theory for consolidation, incorporating three-dimensional flow is complicated and only applicable to a very limited range of problems in geotechnical engineering.

For the vast majority of practical settlement problems, it is sufficient to consider that both seepage and strain take place in one direction only, as one-dimensional consolidation in the vertical direction.