|
#1
05-15-2008, 09:24 AM
|
|
Junior Member
Join Date: Jan 2008
Posts: 64
Credits: 1,037
|
|
Sub:
Already behind on payments.......
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? 
|
|
#2
05-15-2008, 09:34 AM
|
|
Sub:
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.
|
|
#3
05-15-2008, 09:40 AM
|
|
Junior Member
Join Date: Jan 2008
Posts: 64
Credits: 1,037
|
|
Sub:
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.
|
|
#5
05-15-2008, 10:13 AM
|
|
Sub:
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.
|
Linear Mode
