I wonder How long before they stop
Date: Wed, 04/28/2010 - 18:52
It wont ever stop. The original creditor has already written it
It wont ever stop. The original creditor has already written it off as a bad debt so anything returned is bonus to them. They just write off any loss.
Well bankruptcies are increasing too. So something is better th
Well bankruptcies are increasing too. So something is better than nothing.
With a chapter 7, the cc's recieve nothing. With a chapter 13,
With a chapter 7, the cc's recieve nothing.
With a chapter 13, they get a %.
I bet that with debt settlement they recieve more than with a 13.
I've often wondered the same for as how long this can go on.
As powerfull as the cc lobby is, you think they'd try some more baloney.
The banks got chptr 7 modified to a means test.
The banks are in support of the Bill that was sponsored by Senat
The banks are in support of the Bill that was sponsored by Senator Schumer that was announced yesterday.
The Bill, if passed, will not put an end to debt settlement the process, but it will put an end to the debt settlement industry as it exists.
Last one to leave turn out the lights....
