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Not paying my debt...

Date: Mon, 11/27/2006 - 19:06

Submitted by dhill001
on Mon, 11/27/2006 - 19:06

Posts: 5 Credits: [Donate]

Total Replies: 4


If I go with a debt settlement company, set aside money into an FDIC account until enough is there to negotiate a settlement, what happens in the meantime with my creditors? I mean, they're just going to keep calling because they are no longer receiving payments, right? I understand the negotiating process, but not paying my bills... What do people normally do? This seems to be the trend for debt settlement. I don't understand.


Welcome to the forums. Since you have registered a debt counselor should be in contact with you soon. These are trained professionals that deal with debt issues dailey. They can help you make the right decision. Best Wishes KYSIDE38


lrhall41

Submitted by KYSIDE38 on Mon, 11/27/2006 - 19:23

( Posts: 2477 | Credits: )


I guess I was the cautious one to. I never quite understood the debt settlement deal. I think the creditors can still come after you during this process. I got a loan to take care of mine. It helped in the long run because it was a whole lot lower interest. I was fortunate enough to have a local bank. KYSIDE38


lrhall41

Submitted by KYSIDE38 on Mon, 11/27/2006 - 19:45

( Posts: 2477 | Credits: )