NEWBIE NEEDS HELP!
Date: Fri, 08/15/2008 - 15:44
Whether you do debt settlement through an attorney or through a
Whether you do debt settlement through an attorney or through a debt settlement company or on your own, it will affect your credit. If you are unable to keep caught up on your bills and you stop paying them, then after three or four months, the credit card companies will probably start offering to settle the balance for less than the full amount due.
I THINK late payments stay on your credit report for seven and a half years, but hopefully someone else knows for sure.