ready to settle on my own
Date: Tue, 01/25/2011 - 20:18
I owe 9900 to Discover now. I can come up with 70% now to settle. I've never been late more than twice in 13 years. I can't take paying 19.99% APR anylonger and want to be debt free. I am required to maintain "Fair" credit for my employment so I am researching ways to settle without damaging my credit. Is it possible??:confused:
If you go for the option of debt settlement, it will have a nega
If you go for the option of debt settlement, it will have a negative affect on your credit report and lower your scores by certain points. You may apply for debt consolidation with the local debt relief companies and take their help in becoming debt free. As far I know, debt consolidation may not affect your credit in a negative way.
If you are going to settle, it will hurt your score. If you are
If you are going to settle, it will hurt your score. If you are going to hurt your score, I would hold out for something lower than 70%!
With that much cash to settle with this soon, I would probably make a lump sum, then chip away at the balance. Your credit will be suffer less.
