[debtmanagementguys]

Here's the thing that I see thrown around so often is the claim of % of repayment. Maybe its 40%, maybe its 50%, maybe its 70%; you never truly know. In most cases its safe to say you can settle for 50% of the debt, but sometimes a creditor may want more. I use a processor that currently experiences 38% settlement which is great. You never know for sure and that is important to point out.

Its usually best to separate your budgeting with envelopes and organize yourself that way. Get out of the habit of using your credit card for everything. That's how you get into trouble in the first place by not watching actual cash being handed out. When you just see a price and give a signature its so much easier now, isn't it?


I love to hear success stories of people getting out from under the strain of crazy credit card debt.

[bob bobson]

consultant anthony:
With a negotiated debt settlement isn't it possible to have the creditor record the debt as paid in full rather than "settled" thereby preserving the clients credit rating?
I know many creditors may be unwilling to do this, but it's my understanding that it is possible?

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Originally Posted by Anonymous

I have close to $100,000 of debt through credit cards, hospital bills, and car notes. I am drowning in bills that can't be paid. What can I do?

If you cannot afford the high payments then you should call me. I can explain your options and find which one is better for you-I definitely can help you get on the right path to financial freedom. Give me a call deleted, my name is Cristy

sorry.no personal or solicitory info...pm

Here's the thing. You can read all the documents on this website and learn about trying to settle your debts yourself, or you can contact a professional. If you fill out a form on this site, they put you in contact with a law firm. Debt Management Guys does the same thing. Its just a matter of your comfort level.

The question is, do you have income ?

Originally Posted by Bony

Yes, debt consolidation is much better from debt settlement. Sometimes people are not able to afford the payments set in the consolidation plan, and hence because of this reason, they likely enroll in a settlement plan. You may try negotiating with the creditor for a fair reporting with the bureaus. Your credit will look good if the account is not marked as "Settled" or "Settled in Full"

what is the amount the Consolidation company gets and how does the company gets paid. Do they get a percentage of my monthly payment.

[love_my_things]

my personal best option was settlement i would have never been able to swing the other payment plan for 5 years. under settlement it was a guess at 2 years and i could barely pay that and sometimes they would be understanding and let me only do a half payment or something. settlement was my god send now im busy trying to restore my score. even though these stupid % hikes here lately and reducing limits have hurt me once again. I swear its a never ending vicious cycle

Hi group, what's the buzz word today?

Does anybody know about credit repair?

I'm a new member here would like to share ideas.

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Erase Bad Credit

[love_my_things]

if you would like to give your advice about credit repair, there is a section in here for just that. you would be better off to post it under the catigory repairing credit. but its in your best interest to become a member instead of a guest.