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If one has inquired of a program such as yours, determining a rate/payment reduction option, and even that option is unmanageable, would debt settlement be an alternative/option?
In regards to the above question, what are the drawbacks of debt settlement, if any? |
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If my debts have been turned over to collection agencies, can they still be consolidated?
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As my father was a baptist minister, I was raised with Christian debt morals (pay off every debtor, the full amount owed). Where I have problems with this is that the BANKS that own the credit cards are NOT following biblical principles of creditorship (they are charging usury rates, which is against christian law) so why are christian debt organizations so adamant that debtors keep to the ethics when the creditors clearly are NOT?
That's where it went out the window for me, anyway. As long as creditors would continue to charge morally sound interest rates (mine were at 6%), I would be MORE than happy to pay every cent I owe, and which I CAN afford to pay. However, when they, without advance warning, suddenly raised their rates to usury levels (27.99%) in a knee-jerk reaction to pending federal legislation against their immoral fees and penalties (which never affected me anyway, as I always paid on time and in full) in order to continue to reap ungodly profit margins, I don't think Christianity should expect debtors to become the helpless victims of these blatant violators of Christian law. Hence, I've switched to belief in Karma. It's the only thing keeping me going since the interest rate hike! But I do PRAY for Karma every day...for the unethical banks, and all affiliated with them. |
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Hi,
I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58% and improve my credit score .It's legitimate . I came across this company on NBC News Special Edition.Check it out here: http://CreditSolution.ez-mart.biz * Note:It's advisable to fill out the short form.Let them call you back.The line is always busy due to so many customers. |
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My financial consultant works for a great debt settlement agency and helped me save over 10k. if your interested
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wow even with a website....looks like a solicitation scooter
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