Debt settlement
Date: Tue, 11/28/2006 - 16:53
I am already working with a law firm to settle my unsecured debts. How long does it usually take for the debt settlement firm to finish negotiating with my creditors and how will it affect my credits?
debt settlement will be staying in the credit report for seven y
debt settlement will be staying in the credit report for seven years. If there is any chance, the consultant can negotiate with the creditors for a better reporting so that you minimize the damage done to your credit scores.
For people in huge debts, debt settlement is the best choice. The total debt is reduced by half the total. This is also for those who are unable to make the regular payments in the consolidation plan or by any other means.
The tenure of the program depends upon the settlement company negotiating with your creditors. Your company should best advice you on the duration.
