| Message |
Author |
 Posted: Mon Apr 07, 2008 10:18 am |
|
|
Can any debt that has gone to collections only be handled via a settlement and not a consolidation? Just curious...I heard that when people are going through credit counseling that consolidation is better when it comes to your credit.
I have been working with someone and I received a couple of collection letters on some of my accounts; so now that can not be included in the consolidation program; but instead the settlement program they offer.
Anyone out there have information?
thanks,
|
|
purplegirl69
Joined: 26 Feb 2008
Posts: 250
Debtcc Points: 3469
|
|
|
| Posted: Mon Apr 07, 2008 10:26 am |
|
|
Collectors want to settle for less. They will almost always accept a settlement agreement. They usually bought the debt for pennies on the dollar. Fast quarters are better than slow dollars to them.
|
|
frogpatch
Moderator
Joined: 09 Apr 2007
Posts: 3439
Debtcc Points: 30193
|
|
|
| Posted: Mon Apr 07, 2008 10:37 am |
|
|
Well put. 
|
|
freakmeout
Joined: 28 Mar 2008
Posts: 91
Debtcc Points: 1243
|
|
|
| Posted: Mon Apr 07, 2008 10:50 am |
|
|
Hi Frog; another question for you....since my credit is already in the crapper; should I just put all debt in a settlement program? with that said/or asked, does the accounts have to be in collections for settlement?
thanks much as always.
|
|
purplegirl69
Joined: 26 Feb 2008
Posts: 250
Debtcc Points: 3469
|
|
|
