Considering Debt Settlement

Tribepal - just wanted to let you know that you that you are not alone. My husband and I are just starting the consolidation process. I asked the same credit history question - see Message titled Consolidation vs. Settlement. Good luck!

Hi Tribepal

Welcome to the forums. As duanejenna was also having some queries regarding debt consolidation versus debt settlement1, I have explained the concept very minutely in the thread given below.

http://www.debtconsolidationcare.com/forums/comparison.html

Do not go for a debt settlement because it will leave a negative impact in your credit report for a long period of time. It will keep hurting your credit file consistently. It should only be opted only if you are considering bankruptcy as the ultimate option and just won't be able to make the consolidation payments.

Some benefits of the consolidation program have been discussed in the page given below. It is becoming a very popular mode of completing the payments with your creditors.

http://www.debtconsolidationcare.com/benefits.html

Do let me know if you have any queries unsolved.

Regards
Roxette

We are considering settlement since we can't make the payments of consolidation. I think it still might be less stress than stretching 50 cents into a dollar every day. This forum has been so nice to be able to gather so much information and not be judge by others.

duanejenna,
Can I ask what settlement company you went with? We are trying to be careful to find the right one.