Tag Archives: Debt Settlement

has anyone settled their accounts with creditors without using a debt settlement company?

p m asked: did the creditors settled? could u give me tips on how to settle with them without using a debt settlement company. approximately what is the percentage they are willing to settle?Willis

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What is the process for “debt settlement”?

LocalBoy asked: What is the process for debt settlement? I understand that when ur sent to collections ur able to settle the debt with them for a fraction of what u owe. But before that, will u get harrassed by all the calls from the bank about the missed payments? Can the [...]

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Do you have the phone number to Bank of America’s Debt Settlement Dept?

your_pet_sitter asked: I am about to start negotiating debt settlement with Bank of America. Have you been successfull? Does anyone have a good phone number for them where I can start the process?Jimmy

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Has anyone actually used debt settlement and it worked?

Sue Z asked: I am considering debt settlement and I am very scared after looking at some of these posts. Has anyone actually used it and it worked for them without a problem? I am currently current on all my credit cards bills, but I don’t think I can keep it up and [...]

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What is the difference between consolidation and debt settlement company?

Bajan Mama -35 asked: I called creditsolutions a minute ago and they told me that they are not a consolidation company. I told them that I have a debt for 16,000. They told me that they can get my debt company to settle for 9,800. and they charge a 15% fee. Does this sounds okay. [...]

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How do you feel about the debt settlement companys?

giggels22 asked: Hello to everyone,
I was wondering your opinion on the debt settlement companys.. The company we are considering going with so that we dont have to file bankrupt has an EXCELLANT report from the better business bureau….. I have read through all the sites and everything and this seems like a good idea so [...]

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Is it morally wrong to do debt settlement?

mom5 asked: I see alot of advertisements for debt settlement where a company charges you a fee but then gets your unsecured debts settled for partial of what you would have to pay them off as. Is it morally wrong to default on your cards for three months then have a debt settlement for less [...]

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Does anything negative happen to your credit report when you use a debt settlement company or any type?

jmartinsgal asked: Any information on debt settlement companys and alike is greatly appreciated!Jocelyn

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Debt settlement agencies negotiate better w/ credit card companies than if I do it on my own?

fantasy209 asked: I was told debt settlement agencies know how much a creditor is willing to settle for and so they are better negotiators.
Should I just use my debt settlement agency since I don’t know how to negotiate with my credit card companies?Chandra

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