Posts tagged as:

debt settlement

Beware of Debt Settlement Companies

by Moneyproblems TipsMon Nov 07, 2011 How NOT to deal with your debts

How NOT to deal with your debts Tip of the Day:
Avoid Debt Settlement companies unless you fully understand how they work.
For the program to work, you have to stop paying your creditors – you then fall behind, compromise your credit rating, and run the risk of having your income garnisheed. Worse yet, the creditors [...]

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Debt Settlement as a Bankruptcy Alternative

by Moneyproblems TipsThu Nov 12, 2009 Money Saving Tips

This week we have reviewed various options for avoiding bankruptcy.  Today we discuss debt settlement.  A debt settlement is simply a deal that is made with your creditors.
For example, if you owe $10,000 on a credit card, you could offer a settlement to the credit card company of $6,000.  They may accept that deal, or [...]

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