What does occur with your credit report during the settlement program process (before you pay off)?

What is the biggest difference between debt consolidation and settlement? Which is the impact of them in the credit report? After the pay off of the settlement is my credit OK to buy a house or to use credit cards again or not?

Does anyone hired settlement services from superiorbedt.com or curadebts.com? Are you reccomend anyone of them?

Is it true that debt settlement leaves a mark in your credit report for almost 6 years?

Ok, I've found what I need to know on the interest caps for Florida. Now does anyone have the contact info-website, phone number- for one of these PDL consolidation places? T and C or whomever else. I'd really like to get rolling with this if anyone can send me the info. thanks in advance!

how do i know a company is credible and do i have to pay the down payment before they selttle or after

I've recently been getting disturbing phone calls that I assume are from collectors but who say they are from a law firm saying I need to pay off a debt. I live in Texas. The last time I made any payments to any credit card was before I last my job in 2000. They are threatning with a lawsuit. I would pay if I could. I cant even afford my child's medications, much less pay off these credit cards. I tried talking to them but they needed at least $800 for a first payment. Which to me would mean either pay the rent or pay that off.

ok I've been reading through these threads and the more I read, the more I think we may have paid too much in interest on most of our loans. Does anyone know what the legal limit for interest is in Florida? I want to go back thru our loan paperwork and see how much we've paid, because it seems to me like they need to mark some of these accounts paid in full because we've probably already paid them off!

I am wondering if a creditor like Chase, Citi, etc accept my proposal for repayment through a dmp, don't they have to honor that until it is paid? How can they sell the credit card or loan or change the terms of this agreement with notifing me? Do the new owner of my account have to abide by the same terms that I set up with the original creditor?

I am in my own private payday loan hell. I, too, have two loans from Pinion. Actually, I just today learned that they were both Pinion loans when dealing with the (ahem) less-then-friendly customer service rep. She wanted nothing to do with trying to help me, or work with me or make arrangements with me that worked for me. She very rudely said, "You better MAKE it work, or we will continue to collect it on your behalf!" Is there any reason they have to be so rude and try to make you feel lower than you already do? Anyway, that was United Cash Loans.