Archive for June, 2009
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How debt settlement works, how it affects credit scores
Dear Credit Guy,
I owe $ 20,000 on my credit cards. I’ve had some companies tell me they could reduce this amount by up to 60 percent. Can you tell a good company to deal with? – Ed
Dear Ed,
The payment of a percentage of what you owe, rather than the full amount is called a debt [...] -
Is a Debt Settlement Program just a Scam?
Hello I have been working in industry to alleviate the debt about a decade and have participated in the financing of nearly 20 years. First, let me say that this may be something of a long article, my aim with this paper is that people understand the process of reducing its debt, and then to [...]
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The Debt Settlement Industry Is Busy, but It’s a Bit Nervous, Too
This should be a triumphant moment for the debt settlement industry. If there ever was a time when masses of people who need help so they were not covered by the weight of their credit card bills, it is now.
But at a gathering of professionals in the settlement this week, the atmosphere was more than [...] -
Don’t get burned by debt settlement offers
Aimee and Mark SooSoo owed so much money on their credit cards minimum payments alone amounted to $ 2000 per month.
Or put another way, the Sterling Heights, Michigan, couple paid about $ 700 more per month per card bad what you paid on your mortgage debt.
“It’s not free money,” said Aimee, 32, who married into [...]
