Debt settlement question
Date: Sat, 04/03/2010 - 06:37
For those of you who have done it, are there parameters? For example must I be out of a job?
I have read all the posts and I understand about your needing to be close to charge off status but if you have roughly 90 days and 5 credit cards how do you make that work out time-wise when you have quit paying in order to gather funds for the settlement?
Thanks!
I have read all the posts and I understand about your needing to be close to charge off status but if you have roughly 90 days and 5 credit cards how do you make that work out time-wise when you have quit paying in order to gather funds for the settlement?
Thanks!
If you sign up with a settlement company, they would require you
If you sign up with a settlement company, they would require you to quit paying immediately. Some creditors must begin offering settlement since you are already late by 90 days.
The basic two parameters to know that you're the right candidate for debt settlement are,
1. You must be overwhelmed with debt, and
2. You can barely make the minimum payments to your creditors.
You can check out with the DIY for more information.
