Just getting started
Date: Sun, 03/22/2009 - 11:42
I've been hanging in there for about 5 years trying to knock down the balances on 5 cards totaling about $20,000. Seems I've gotten nowhere once the interest and charges wipe out what I've paid. Now with a down turn in my business I've decide I'm through playing and want to settle these debts on my own. Can that be done? I'm broke but can I do what a debt settlement company does and start saving in my own account with the intention of offering a settlement down the road?
A good general rule of thumb is if you are able to save roughly
A good general rule of thumb is if you are able to save roughly 50% of your total balance (so in your case that would be $10,000) within 12 months (or 18 months at the most) you are a good candidate for debt settlement.
you can do this on your own if you are dedicated and disaplined
you can do this on your own if you are dedicated and disaplined read up and check around there is plenty of info out there for you on this forum to help you out!
you can do this on your own if you are dedicated and disaplined
you can do this on your own if you are dedicated and disaplined read up and check around there is plenty of info out there for you on this forum to help you out!