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Debt Destroy

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Member since: 2/1/2010
Last visisted: 3/15/2010
Rep Points: 0
Forum posts: 13
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wildboyz wildboyz wildboyz!

Recent Forum Posts

I agree with Chairman - however, if you've stopped payment for 5-6 months, your account would be assigned to a third party collection agency, and there's where you have a good chance at settling your debt - to 40-79%
Speaking of credit counseling (Debt Management Plan) - it's a program that negotiates down your interest rates so you can manage your payments & get to the principle amount much quicker. Debt settlement, on the other hand, negotiates your balance down - to more or less half.
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