Question About Time Frame
Date: Fri, 02/13/2009 - 12:13
I have seen quite a few posts suggesting that settlements are best at about 150 to 180 days. My question is what is that exactly? Is it 180 (or 150) days after the first missed payment due date or is it 180 days after you are delinquent......someone once told me that the account is not considered "delinquent" until 31 days after the first missed payment. Hope this question makes sense.
Delinquency is determined by the terms of agreement. Some compan
Delinquency is determined by the terms of agreement. Some companies have a 30 day grace period some have 14 days some have none. 180 day should be from the last due date to be safe.
