starting settlement
Date: Sat, 06/27/2009 - 14:34
We are considering DIY settlement. Our cards are current but we are having a hard time making ends meet. Cards are also maxed out. Anyhow, when starting settlement, is it best to default on ALL cards at once or just one or two at a time?
I realize we can save more money per month toward settlement if we stop payment on all our cards (6 total). However, would it be better to just work on one at a time? Otherwise, I have creditors who will be waiting (not patiently) for 2 years for their money.
Thanks...
I realize we can save more money per month toward settlement if we stop payment on all our cards (6 total). However, would it be better to just work on one at a time? Otherwise, I have creditors who will be waiting (not patiently) for 2 years for their money.
Thanks...
need advice, no one can legally advice you to default on your
need advice,
no one can legally advice you to default on your payments, that is your decision to make. DIY debt settlement allows you to work one account at a time or all at once that is your choice.
What would be best to do? Also your choice. But think of this, when you default on one account and keep paying the others what are you going to tell that one creditor when they ask how come you can pay the others but not them? Tough question to answer.
It would probably be best to work on all cards at once but that means you would have to come up with more money to settle six (6) accounts.
