Posted on
June 18, 2009
at
12:14 pm
how can you do this and what are the ways to actually settle credit card debt? i have some accounts that are in collections, pretty old haven't paid in a while, just trying to get rid of them.
Posted on
June 18, 2009
at
1:48 pm
You can settle the debts on your own or you can hire a debt settlement company to work on your behalf. Most settlements must be negotiated and paid off in a lump sum, or paid off over a number of months. The latter are referred to as "structured settlements."
Posted on
June 18, 2009
at
11:11 pm
can you fill me in abt this? i'm struggling thru a lot of debt, it's crazyi have $27000 in credit card debts and i'm studying and working part-time onlyshould i wait it out or file for bankruptcy?
Posted on
June 18, 2009
at
11:26 pm
Do-it-yourself debt settlement entails you to settle your debts directly with your creditor and make the necessary arrangements with them. What you can do is contact them directly and offer a settlement amount that you can pay them. It's also imperative that you explain your current situation with them. A number of creditors may appreciate, if not acknowledge your honesty, but keep in mind that they are also after their best interest. They may also negotiate an amount that would entail a "good deal" for the both of you.
Posted on
June 19, 2009
at
2:07 am
Do you have any available assets, Creezna? Cos what you can do is try selling them. At least that can help you without stressing about it too much, and your work and schooling won't be affected as much.Debt settlement is recommended for individuals who have a steady source of income, and if you choose to hire the services of a debt settlement company, you may have to pay at least 15% of your total loan balance as the initial fee. As mentioned earlier, you may have to pay the entire lump-sum of the loan, or make monthly payments towards the settlement amount.
Posted on
June 19, 2009
at
4:57 am
Bankruptcy may also not be a very formidable option for you in the long run. That will appear on your credit report for as much as ten years (for Chapter 7) or seven years (if you filed for Chapter 13). It will also stay on your public records for as long as 20 years.In the event that you may need a house, a car, or an additional line of credit in the future, two things can happen: you may either have difficulty applying for these, or your lender may grant you credit but with higher interest rates compared to other consumers who have not filed for bankruptcy.
Posted on
June 19, 2009
at
5:23 am
What you can also do Creezna is this----- there's a form on top of this thread that you can fill out and you can get in touch with a qualified provider who can help you out in your situation. The consultation is free so you won't worry abt anything.Good luck!
Posted on
June 19, 2009
at
7:45 am
Creezna- are you behind on your monthly payments or is it your interest rates that are giving you the biggest problem? Figuring that out is imperative in determining what debt relief option may be best for you.
Posted on
June 19, 2009
at
8:42 am
Before you settle the debts, make sure you check the statute of limitations for credit card debt for the state that you live in. The statute of limitations is the amount of time that a creditor can sue a debtor to collect the debt. If you are approaching the statute for your accounts, you may want to think otherwise in terms of resolving the accounts. It may not actually be worth it since the creditors can't pursue you legally after that point.
Posted on
July 22, 2009
at
12:12 pm
What are the ways to settle credit card debt with a junk debt buyer? Will debt buyers even give me a way to settle credit card debt?
