wildboyz wildboyz wildboyz!
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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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