need to get out of debt want to buy a house
Date: Thu, 09/16/2010 - 21:35
I have a education loan the balance on it is 16,858 this loan status is collection/charge off
I also have 2 credit cards in total i owe 4,870 they both are in collections what is the fastest way that i can resolve my debt?
I also have 2 credit cards in total i owe 4,870 they both are in collections what is the fastest way that i can resolve my debt?
You should contact the collectors as soon as possible and work o
You should contact the collectors as soon as possible and work out an alternative repayment plan. You can take out a student consolidation loan and pay off the educational loan.
As far as credit cards are concerned, you can get help from a debt settlement company. The representatives at the debt settlement company will negotiate with the collectors to lower the payoff amount. In most of the cases, they're successful in lowering the payoff amount by 40%-60%.
