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 Posted: Thu Jun 21, 2007 6:58 pm Subject: Debt Settlement Program Requested |
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Debt with one creditor....$5688.66
Debt with other Creditor...two accounts
6612.04 & 25 498.37
Total of all three is $ 37 799.07
What will the payments be per month and to be debt free. These are all unsecured credit card amounts.
Look forward to your quote.
Thanks Monika
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monikalilo
Joined: 21 Jun 2007
Posts: 1
Debtcc Points: 45
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| Posted: Fri Jun 22, 2007 11:58 am Subject: |
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Hi Monika
A counselor from your area will be calling to discuss about your repayment plan. Debt settlement is going to be the right choice seeing the amount of your debt. A good settlement company will be able to reduce the total outstanding balance by 40% to 60%. He will figure out a plan so that you don't have problems in keeping up with the monthly payments. You need to sit with an expert and show him your account statements. If your accounts are already past the due dates, it won't take much time to get the settlement process started.
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fatb88
Joined: 20 Dec 2006
Posts: 221
Debtcc Points: 1571
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| Posted: Sat Jun 23, 2007 12:24 am Subject: |
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You can consult a debt settlement company. Based on the amount of debt you owe, a debt consultant can review your position and give you options. The debt settlement company will contact your creditors and negotiate with them regarding your loan. You never know if the settlement company you will be dealing with is good then it might happen that your debt is reduced by as much as 50%. 
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goodnelly
Debt Samaritan
Joined: 20 Jun 2007
Posts: 632
Debtcc Points: 8486
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