Answers level
Debt Problems

My husband and I owe 43,000.00 in credit debt. We

My husband and I owe 43,000.00 in credit debt. We are current with our payments. Is it possible to settle and pay off a lower amount?

Asked on Fri, 08/12/2011 - 21:12
rj
3 Answers

We do not want to go delinquent with our accounts. I will be getting the cash but not enough to pay off the whole 43,000.00. We thought if we could settle for a lower amount we could pay them all off. Thanks for your answers.

Answered on Sat, 08/13/2011 - 18:55
rj

It will be difficult for you to settle your debts unless you are delinquent on them by 3-4 months. If you are current on your payments, then the creditors will think that you can afford to make the payments on your own.


http://www.facebook.com/?ref=home#!/profile.php?id=100002227460566
Answered on Sat, 08/13/2011 - 09:56
Good Nelly

You would have to let yoru accounts go late first.  Do you the cash up front to settle?  They are not going to let you pay a settlement on payments.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html
Answered on Fri, 08/12/2011 - 23:35
SOAPLADY

Write Your Answer

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
What is the sum of 6 and 4


About Us | Contact Us | Privacy Policy

Copyright © 2018 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV

* Disclosures:

  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.

Page loaded in 0.763 seconds.