Posted on
March 7, 2010
at
7:52 pm
If you are struggling with credit card debt, whether it be large or small, you need to take advantage of our program and settle now! This current economic recession has left millions of Americans, like yourself, with massive amounts of credit card debt. Trust me, you are certainly not alone.
Posted on
March 8, 2010
at
5:30 am
Is debt settlement right for you - yes if you're balance is $10,000 and your accountsare mostly past due or about.
Posted on
March 8, 2010
at
5:32 am
Is debt settlement right for you? - yes if you have unsecured debts and youdon't have to file bankruptcy or you don't want to file bankruptcy for them.
Posted on
March 9, 2010
at
2:03 am
I think they will still enroll the consumer - and anyway - he/she is going to beadvised to stop all payments until the account charges off. Negotiations are moresuccessful when the accounts are with a third party collection agency (to whomthe original creditors have assigned the accounts to).
Posted on
March 9, 2010
at
4:11 am
Why is that so? And what happens to the credit?
Posted on
March 9, 2010
at
4:14 am
The original creditors would, understandably, want to collect on the full amountrather than less than the full amount - so if the account is still with them (the IRSdictates that they write off a debt that's unpaid for 5-6 months straight) it is unlikelythat they'd settle. Although not impossible as if the consumer has at least 75% ofthe balance ready to hand over to the creditors - they might just agree to settle.
Posted on
March 9, 2010
at
4:35 am
How do you know which debt settlement company is right for you?
Posted on
March 9, 2010
at
4:39 am
Re: And what happens to the credit? -- if you are already consideringdebt settlement, then your credit must already be in a pretty bad shape -as delayed payments/non-payments affect the credit score. To get a better picture, here is the breakdown of your FICO score. (the underlinedsegments are the ones affected negatively by your debts and they're alsothe ones that are to improve once you're done with the program) ::::
-35% Payment History/- 30% Amount Owed/-15% Length of Credit History/-10% New Credit/-10% Types of Credit Used
Posted on
March 9, 2010
at
4:44 am
Re: How do you know which debt settlement company is right for you?--- you have totalk to the company and ask questions related to your situation. Also, here's a guidelinefor you :::: -The settlement company's program must have a fast completion time. 12-36 months./-The program must be able to protect and improve the consumer's credit standing./-Must be a member of the Better Business Bureau, BBB, for at least 5 years./-Must also have a good standing with the Chamber of Commerce/-A Member of TASC - The Association Of Settlement Companies and the IAPDA or theInternational Association of Professional Debt Arbitrators
