settlement application process...

Date: Wed, 04/29/2009 - 03:02

Submitted by anonymous
on Wed, 04/29/2009 - 03:02

Posts: 202330 Credits: [Donate]

Total Replies: 4

In DIY debt settlement, do I have to give my financial informtion to the credit card company at hand? That is, my income, loans, bills, groceries, etc? Is this required of me? Do they have methods of verifying my income? Not that I would make up such a thing, but do people give them inaccurate numbers to make them see more acceptable to settlement?

Yes, for debt settlement you may have to give your income detail

Yes, for debt settlement you may have to give your income details to the credit card company so that they can work out a settlement plan for you. However, you should not provide them with sensitive information like your social security number.

lrhall41

Submitted by SC on Wed, 04/29/2009 - 04:47

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Will they be able to find out my income despite what I tell them

Will they be able to find out my income despite what I tell them?

lrhall41

Submitted by on Wed, 04/29/2009 - 05:14

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The creditor have your ss number because you have already provid

The creditor have your ss number because you have already provided the same in the loan application form. I think that you should not disclose your income to the creditor in order to settle the debt because your income is also a sensitive info.

lrhall41

Submitted by novice on Tue, 05/05/2009 - 03:33

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DO NOT tell them your income. They have no way of finding it out

DO NOT tell them your income. They have no way of finding it out on their own. If you are pressured ibto giving them a number then give them a minimum amount.

lrhall41

Submitted by on Tue, 05/05/2009 - 05:08

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