Settlement vs Consolidation

Date: Tue, 09/26/2006 - 09:11

Submitted by anonymous
on Tue, 09/26/2006 - 09:11

Posts: 202330 Credits: [Donate]

Total Replies: 3

My husband and I have all our debt ( $90K) being taken care of by a debt settlement company; however, I feel like I'm not getting anywhere with them.... Should we consider doing a consolidation program instead and if so any recommendations? I feel like we are only paying the company handling the settlement and haven't even started being able to settle any accounts. It's been 1 year since we signed up. Do consolidation programs pay our creditors every month starting at the very beginning? Any advice/info would be hepful :)

Ras-have a look at this http://www.debtconsolidationcare.com/for

Ras-have a look at this http://www.debtconsolidationcare.com/forums/dealing-debt.html see if this answers your quesion....Karen

lrhall41

Submitted by Bossy4455 on Tue, 09/26/2006 - 09:59

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Here's another link that also has some usefull info http://www.d

Here's another link that also has some usefull info http://www.debtconsolidationcare.com/debt-settlement.html If you have any questions,feel free to ask...Karen

lrhall41

Submitted by Bossy4455 on Tue, 09/26/2006 - 10:04

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What about the contract you signed with your settlement company?

What about the contract you signed with your settlement company? Isn't your money blocked to them in the form of fees? Settlement programs take long time in delivering its outcome and positive results. Call your company and ask them about the latest standing with your creditors.

Yes, when you enroll in the consolidation programs, you will be able to start the plan either your accounts are in current state or in defaults. The payments will be done immediately to your credit companies from your monthly payments sent to the consolidation company.

lrhall41

Submitted by orake on Tue, 09/26/2006 - 10:11

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