Is debt settlement a good idea when you are current?
Date: Mon, 02/01/2010 - 21:43
I owe to several creditors over several credit cards. My total debt is around $20,000. I'm still current on my bills and also try to pay more than the minimum whenever possible. Time to time I have received flyers from debt relief companies who promise to reduce my debt by 50 to 60%. Now I am not sure if I should get myself into this.
Any suggestion would be helpful.
Any suggestion would be helpful.
A debt settlement co will tell you to stop payments. You cant s
A debt settlement co will tell you to stop payments.
You cant settle , when you are current.Why would they? 90 to 120 days or even more depending on the CC company
are you having trouble making your payments?, doing debt settlem
are you having trouble making your payments?, doing debt settlement destroys your credit, there are a lot of programs out there to help you besides debt settlement. if you are fine making your payments just frustrated in debt been there done that :) check out a program called the debt snowball by dave ramsey common sense advise used by a lot of people to get out of debt
