question on the difference...

Date: Mon, 04/07/2008 - 10:18

Submitted by purplegirl69
on Mon, 04/07/2008 - 10:18

Posts: 250 Credits: [Donate]

Total Replies: 3

Can any debt that has gone to collections only be handled via a settlement and not a consolidation? Just curious...I heard that when people are going through credit counseling that consolidation is better when it comes to your credit.

I have been working with someone and I received a couple of collection letters on some of my accounts; so now that can not be included in the consolidation program; but instead the settlement program they offer.

Anyone out there have information?

thanks,

Collectors want to settle for less. They will almost always acce

Collectors want to settle for less. They will almost always accept a settlement agreement. They usually bought the debt for pennies on the dollar. Fast quarters are better than slow dollars to them.

lrhall41

Submitted by Frogpatch on Mon, 04/07/2008 - 10:26

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Well put. :-)

lrhall41

Submitted by freak.me.out on Mon, 04/07/2008 - 10:37

( Posts: 98 | Credits: )

question on the difference...

Hi Frog; another question for you....since my credit is already in the crapper; should I just put all debt in a settlement program? with that said/or asked, does the accounts have to be in collections for settlement?

thanks much as always.

lrhall41

Submitted by purplegirl69 on Mon, 04/07/2008 - 10:50

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