Consolidation vs Settlement
Date: Thu, 02/07/2008 - 10:56
Can someone actually explain the difference between these to me? I know the basics (consolidation pays off in full, settlement a percentage), but what about as far as effect on your credit, will i be able to get say a car loan within a year or so on the program (one of my definite goals), etc?
I read so much about what these things are and they always seem to conflict with one another
I read so much about what these things are and they always seem to conflict with one another
Settlement will have a long term adverse effedt on your credit r
Settlement will have a long term adverse effedt on your credit rating where consolidation wil have a short term effect that is minimal. Settlement will also raise red flags to certain creditors who would prefer to sue you rather than get in a settlement line.
yeah the guy said settlement was similar to bankruptcy effect wi
yeah the guy said settlement was similar to bankruptcy effect wise.
so would you say this is worthwhile to look in to, assuming you can commit to payments....consolidation taht is?