Debt Consolidation, Debt Management and Debt Settlement? WHich One?
Date: Thu, 11/20/2008 - 01:34
Im not sure which would be best suited for me, maybe you guys could provide some insight.
my situation;
Debt: $20,000 credit card debt
Credit Score: 680 because of high debt amount, no delinquencies, everything up to date. My credit score was about 780 before all the debt screwed up my debt to income ratio.
Total Monthly Minimum:
$500.00
I was really considering doing debt settlement because these 500 dollar monthly payments are getting harder and harder to keep up with and they are just paying the minimum and it will take a lifetime to pay it all off that way. This balance is from about 5 credit cards, Any help will be greatly appreciated
my situation;
Debt: $20,000 credit card debt
Credit Score: 680 because of high debt amount, no delinquencies, everything up to date. My credit score was about 780 before all the debt screwed up my debt to income ratio.
Total Monthly Minimum:
$500.00
I was really considering doing debt settlement because these 500 dollar monthly payments are getting harder and harder to keep up with and they are just paying the minimum and it will take a lifetime to pay it all off that way. This balance is from about 5 credit cards, Any help will be greatly appreciated
