Posted on
February 1, 2010
at
8:26 pm
When is the best time to consider debt settlement?
Posted on
February 2, 2010
at
6:36 am
When you are having trouble keeping up with your monthly payments...When you are not able to pay at all ... in 3+ months.When your account has charged off. (5-6 months)
Posted on
February 2, 2010
at
7:31 am
Bankruptcy stays on your credit for 7-10yrs. When you work with a debt settlement company, your credit will show negatively until you start paying off your creditors.
Posted on
February 3, 2010
at
2:34 am
Think about what your first priority is.
Is it getting rid of the debt once and for all or improving your credit? If you go through a debt settlement, as the previous poster has stated, your credit would be hit by the prolonged period of non-payment (which is usually 6 months) as you and your settlement company wait for the account to charge off. But you, considering debt settlement, means that your credit is already bad -- so going through it with a settlement company should only improve your credit.
Posted on
February 3, 2010
at
2:37 am
Is it better to opt for debt settlement?As opposed to bankruptcy?In terms of expenses/time and impact on credit - yes.Bankruptcy needs legal fees & court/class appearances.Settlement stays on the credit report for 7 years.As with Bankruptcy Chapter 13.But a settlement doesn't appear on public records for 20 years. Unlike a bankruptcy.
cda Rep Points:
Posted on
March 5, 2010
at
8:20 am
Are you overwhelmed with
HIGH INTEREST RATES that make it difficult to reduce your balances with minimum payments? If you are in a situation where you feel that you cannot and will not be able to pay back your debt, don’t worry, there are programs out there that can cut your debts in half and reduce your monthly payments by up to 50%...........
You should never be ashamed to seek help, no matter your reason for being in debt and no matter how much debt it is. Millions of Americans are struggling with their debts right now; that is why Congress has passed new legislation to keep creditors from taking advantage of consumers. Contrary to what your creditors will tell you, there are options out there for you. Don’t consider bankruptcy until you’ve looked at all of your options. There are companies set up to explain these options to you, FOR FREE. One of them is Consumer Debt Advisors (www.cdadebtsolutions.org), they’ll let you know what option is best for you and offer a free consultation to see if you qualify. Don’t feel trapped or let the creditors control you, call Consumer Debt Advisors at 877-548-5403 or try them online at www.cdadebtsolutions.org. Their website has a lot of information about what alternatives there are to bankruptcy or paying the 25% interest the creditors are charging you.
Posted on
March 7, 2010
at
1:34 am
When you think it has the best solution you can have but if you know there's a better way than that, go on the better way, I really don't advice you with debt settlements because it can be tricky.
