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Sub: #1 Already behind on payments.......
Replied on 05-15-2008, 10:24 AM
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so.......my husband and I talked more in depth about debt settlement today. It sounds like we are def. going to do it. A few questions arose though.

1) if we are already behind on payments (capital one is almost 2 months late) do we pretty much have to start paying our bills immediately to make this work?


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Sub: #2
Replied on 05-15-2008, 10:34 AM
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No , Actually in a debt settlement program you are no longer sending monthly payments to your creditors but rather putting money aside each month to use to settle in a lump sum.

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Sub: #3
Replied on 05-15-2008, 10:40 AM
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oops, I sait it wrong. I meant stop paying bills - i'll edit that.

the reason why I ask is it is kind of scary for me to make the actual decision to "stop" without researching a little more. but i guess we don't have the money to pay, so we kind of are anyway, hmmm.

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Sub: #4
Replied on 05-15-2008, 10:41 AM
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ok, i can't edit it, but i meant stop payments. do i have to stop ASAP.


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Sub: #5
Replied on 05-15-2008, 11:13 AM
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I you are going to do a settlement program it would kinda defeat the purpose of you were to continue to pay the creditors , so yes i would stop paying them asap.




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  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
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