About to begin the long road back to good credit by negotiating settlement with my creditors. Anyone have advice or tips that have been through this process?
May 17th, 2015 6:31 pm
May 17th, 2015 7:13 pm
May 17th, 2015 8:13 pm
I haven't personally needed to do this but I can offer some "Protips" help you avoid backslide and getting bitten by the turds that are debt collectors:
May 17th, 2015 8:57 pm
May 17th, 2015 9:32 pm
Kennyboy82 wrote: ↑ call them all up and offer them 50% if they accept you will need it in writing - pay via trackable cheque. most of them will take your money and run, they will still try to get the remaining money from you or sell off the rest to another company that will still hunt you down.
using the debt settlement company they will contact the actual lenders and settle with them, in turn they get a % of the settlement and it's recorded and closed off.
the collection companies are just going to take your money give you a letter that means nothing, and you still owe the amount listed on your credit report. nothing changes for you, just alot lighter in the pocket book.
if you can deal with your lenders directly.
May 18th, 2015 12:45 am