Why would they want to settle?
Date: Tue, 05/31/2011 - 19:17
I have about $25,000 in cc debt and can no longer afford to pay all of my bills. We just decided that there are 3 accounts we will not be paying anymore. We make too much money to file for chapt 7 so I'm wondering, why would someone ever offer me a settlment? If they push it far enough won't they eventually get their money. Not that it changes my strategy, I'm out of money and now have to pick and choose which bills I pay. Thanks for the help.
If you are drowned in debt and are unable to make payments on th
If you are drowned in debt and are unable to make payments on them, then you can contact your creditors for settlement. Normally, creditors agree to settle the debts when you are behind your payments by 3-4 months. Check out the following page to know about the steps to settle your debts on your own:
http://www.debtconsolidationcare.com/steps.html
If you're barely able to make minimum payments, try contacting y
If you're barely able to make minimum payments, try contacting your credit card lenders and asking if they will consider you for a hardship plan. You may be able to lower or eliminate your interest and get an affordable monthly payment that will put you on the road to getting these paid off in a few years.