I am in the process of paying off some debt. I have taken care of all of my little debt and now am on to the credit cards. One of the debt collectors for my credit card offered a settlement. I owed $4600 and they said I can settle for $1860. They said I can do this with 4 payments of $465. I am suppose to make my first payment next week. What do I need to know/be aware of when it comes to making sure that once I pay this, it will be settled?Answer Question
Asked by Anonymous at 9:19 PM on Mar. 1, 2011 in Money & Work
Answer by rkoloms at 9:22 PM on Mar. 1, 2011
Answer by CassiRae3 at 9:22 PM on Mar. 1, 2011
Answer by tootoobusy at 9:22 PM on Mar. 1, 2011
Answer by Anonymous at 9:23 PM on Mar. 1, 2011
Answer by matthewscandi at 9:24 PM on Mar. 1, 2011
Answer by laura970 at 9:37 PM on Mar. 1, 2011
Answer by slw123 at 8:16 AM on Mar. 2, 2011
Answer by tasches at 2:50 PM on Mar. 2, 2011
They WILL take as much as they can from you this way, without permission.
That is against the law and they can be sued for that.
Answer by matthewscandi at 11:09 PM on Mar. 3, 2011
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