Posted on
March 19, 2010
at
12:46 am
what is it exactly? when did this whole settlement for credit card debt business start? is it worldwide?
Posted on
March 19, 2010
at
12:57 am
what is it exactly? ::::::::::: settlement for credit card debt is about negotiating the consumer's (total debt) balanceto more or less half because he/she can't afford the minimum monthly payments anymore
Posted on
March 19, 2010
at
1:22 am
settlement for credit card debt - what is it exactly? ::::::::::: it's different from credit counseling, which negotiates the consumers' interest rates rather than the balance itself.
Posted on
March 19, 2010
at
3:00 am
Settlement for credit card debt - you can do this yourself (d.i.y.) or hire the servicesof a settlement company (in which case a negotiator would be assigned to your case)- which would represent you to your lender. Your lender could be 1) your originalcreditor 2) the third party collection agency (that your creditor has assigned youraccount on to
Posted on
March 19, 2010
at
5:07 am
Settlement for credit card debt - in percentages - 1) With the original creditor (if they agree to a settlement) expect to pay 75% of your balance. 2) With a third party collection agency, the range is more or less 35-70%
Posted on
March 19, 2010
at
6:04 am
what is it exactly? when did this whole settlement for credit card debt business start? is it worldwide? --- I'm not sure how the industry has started but it's gotten very popular during the recent economic recession. The debt settlement industry, at least, I heard has been around for more than 5 years (the reason why it's still largely unregulated). Is it worldwide? I don't think so -- I know that aside from the U.S. -- Canada and the U.K. have it too.
