Settle Debt
Settling your debts is not a easy task creditors want as much money as possible, however they also realize that some money is better than none. The great news is creditors buy your debts for pennies on the dollars giving you more room for negotiation. Creditors don't like to advertise debt settlement and often make it difficult to pursue. Creditors won't negotiate with consumers who are current on their bills. Debt settlement can not be done with original creditors
Fun Facts about debt
Creditors can sue for unpaid debts
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Consumers are not aware that a creditor can take you to court and possible win a judgment allowing the creditor to garnish your wages or take your property.
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If You choose to ignore the suit you will automatically loose -- FIGHT BACK !!!
You don't have to file bankruptcy
- Bankruptcy should not be used until all other options are eliminated.
- Settlement may help you to prevent bankruptcy which can remain on your report for up to 10 years.
- If you are so far in debt that you will never be able to repay it, the best solution may be a Chapter 7. Bankruptcy is not good for your credit it will drop your score dramatically and turns lenders away from loaning to you.The good thing about chapter 7 is you are typically out of it in about 6 months and you don't have to repay the debt.