Debt Settlement

When Debt Settlement is the Smart Thing to Do

Before you make any big decisions like hiring a debt settlement company to attempt to settle your debts, it’s important that you understand how it works, what you’re getting into, and the other options you may have. Debt settlement can have a

A Regretful Debt Collector Tells Me His Story

Before I get into my interview with a former debt collector, I’d like to give you the back story as to how this all happened. A couple of weeks ago I received an email from a guy who said he was a

When Are Creditors Willing To Settle?

Question I have several credit cards in varying stages of delinquency. How far behind does one typically have to  fall, before a creditor is ready to accept a reduced settlement? And when do creditors typically give up and send the account to

Ins and Outs of Debt Settlement Companies

Question Do you have any advice on debt settlement companies? I am involved with one now and I am not sure I made the right decision. Response I personally do not like debt settlement companies and wouldn’t advise anyone to use one.

Negotiate Full Debt Amount or Settlement?

Question I have an unpaid account in collections. But the original creditor is also on my credit report. Which one should I negotiate with to pay and have it removed? Do I negotiate the full amount, or the settlement amount? Response Try