Already behind on payments.......
Date: Thu, 05/15/2008 - 10:24
1) if we are already behind on payments (capital one is almost 2 months late) do we pretty much have to start paying our bills immediately to make this work?
No , Actually in a debt settlement program you are no longer sen
No , Actually in a debt settlement program you are no longer sending monthly payments to your creditors but rather putting money aside each month to use to settle in a lump sum.
oops, I sait it wrong. I meant stop paying bills - i'll edit th
oops, I sait it wrong. I meant stop paying bills - i'll edit that.
the reason why I ask is it is kind of scary for me to make the actual decision to "stop" without researching a little more. but i guess we don't have the money to pay, so we kind of are anyway, hmmm.
ok, i can't edit it, but i meant stop payments. do i have to st
ok, i can't edit it, but i meant stop payments. do i have to stop ASAP.
I you are going to do a settlement program it would kinda defeat
I you are going to do a settlement program it would kinda defeat the purpose of you were to continue to pay the creditors , so yes i would stop paying them asap.