Whats the timeline to pay with a Debt Settlement Program?
Date: Wed, 05/26/2010 - 07:03
I am currently in a management program with 2 of my credit card companies. I have several other cards with large balances and I'm having a hard time paying all of my bills. I have a mortgage and student loans for 2 of my children.(one is in defferment now. ) I was offered to settle with these 2 companies, however, they said the balance would need to be paid off in 3 months. I wasn't able to do that so I'm in a mangement plan. I cannot pay all of my bills. Will working with a debt relief company be able to give me more time to pay the settlement? And can I include all the other cards in with that?
debt relief companies
Many debt relief companies will give you a program from 1-60 months depending on your debt load and the state you live in. The hard part, however is finding a reputable one. Private message me for more info.
A debt management plan and a debt settlement plan are two differ
A debt management plan and a debt settlement plan are two different things. With a DMP you pay over time, a debt settlement plan you pay in a max of 3 months. Usually when working with a DMP they want all your debts included except for secured debts and student loans. A DMP does not work towards settlement.
