How bad or damaging is a debt settlement?
I have
Date: Thu, 05/12/2011 - 17:45
How bad or damaging is a debt settlement?
I have settled 2 accounts this year and plan
on settling one more. Should I struggle to pay
it in full or settle. They want to settle 4,400 on
a 6,300 credit card bedt.
I have settled 2 accounts this year and plan
on settling one more. Should I struggle to pay
it in full or settle. They want to settle 4,400 on
a 6,300 credit card bedt.
Debt settlement makes a negative impact on credit score. It can
Debt settlement makes a negative impact on credit score. It can drop your credit score by as much as 125 points. If you can afford to pay the debt in full, then nothing can be better than that. But if you can't afford to repay the debt in full, then it is better to settle it.
Debt settlement program is good for those who are not able to pa
Debt settlement program is good for those who are not able to pay-off debt fully.
But, if you can afford to pay it in full, then you can go for it. Otherwise, you will have to go for settlement.
