Posted on
February 17, 2010
at
11:43 am
Avoid Settlements. Settlements can only benefit you if you are in the following situations:
- Near filing bankruptcy
- Accounts have been charged off as bad debts
- Have not made a creditor payment in 8 months
- Ok with the continued harassing collection calls
- Aren’t afraid of being sued
- Not worried about your credit score for the next seven years.
If you’re looking to get out of debt and help improve your credit score debt consolidation is a better fit for your financial goals. Debt consolidation provides:
- One affordable monthly payment
- Free budget counseling
- Pick you due date to work around your other bills
- Reduced interest rates
- Stopping of other creditor fees
- No more harassing phone calls
- Fix credit with timely monthly payments
- Avoidance of legal pursuit
- Continued financial tips to help stay out of debt
Posted on
February 17, 2010
at
4:52 pm
This is totally untrue. I had $200,000 in cc debt and would not have had it paid back for years. I have already settled about $75k for a total of $14,000. How you can even state your premise, I do not know. But it is probably commercially driven and it is not helpful to anyone in this position.
Posted on
February 18, 2010
at
5:19 am
Settlements are only good for a select few? If the number of people who have $10,000 (+) worth of credit card debt is "few" -- you could beright ... but that is not the case. For those people, managing their monthly payment is notgood enough anymore, because after making their monthly payments for years - they'drather get rid/eliminate the whole thing - and instead of filing bankruptcy - they optfor debt settlement.
Posted on
February 18, 2010
at
5:34 am
I agree. A guy (a former negotiator) whom I've spoken with said thatall of their company's clients that were diligent enough to finish the program-said that not only did they feel a sense of accomplishment - freedom - afterbeing cleared from the responsibility of high monthly payments - but they're alsoable to save some money & were prevented from filing bankruptcy.
Posted on
March 11, 2010
at
3:02 am
Settlements are only good for a select few - the few who were given a chance to settlerather than file bankruptcy. Correct?
