This is forgiving all the charges and interest on the outstanding debt and offering a term settlement between 10 to 12 months. This type of settlement is usually offered on credit card debts.
Usually, this type of settlement is offered when you are at an earlier stage of your debt cycle. The discount that we will be able to achieve after forgiving all the charges and interest on the outstanding balance would be in the range of 30% to 40%.
The advantage of a reversal settlement is that the entry on your credit file will not show as settled when you have paid.