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Sub: #1 Is a 3yr Debt Settlement plan even realistic?
Replied on 11-21-2008, 01:06 PM
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thoughts anyone?




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Sub: #2
Replied on 11-21-2008, 01:10 PM
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It all depends on how much you owe and who you owe too! Without any other facts or figures it is hard to say whether it will work for every one....but for a lot it does!!

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Sub: #3
Replied on 11-21-2008, 01:16 PM
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80k ~ 10 creditors

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Sub: #4
Replied on 11-21-2008, 02:05 PM
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With 10 creditors it looks promising. Small things can come into play though. Have you done any balance transfers recently, cash advances, how long have the cards been opened for. I mean if you just pulled 4000 dollars off a card with an 8K limit and just stopped making payments and tried to enroll it to settle. Some creditors might have a problem with that. Things like that might come into play.

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Sub: #5
Replied on 11-21-2008, 05:45 PM
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I did with Preferred Financial Services. I will be done with a 17K CC may 2009!




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* Disclosures:
  • 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.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
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