Finally, if you can't save up the money to
settle several debts, bankruptcy might be a better solution, even if it's Chapter 13 bankruptcy.
Not exact matches
The IRS is in the business of collecting money and thus provides
several ways for taxpayers to
settle their
debts.
It was a
debt settlement program, they had
several credit cards and they were paying $ 375 a month into a «pot» so to speak and when the funds grew large enough they would go in,
settle one account and so on.
However,
debt settlement becomes a bigger task when you have
several debts you need to
settle.
Debt settlement results typically don't happen for
several months because you first have to save up enough money to
settle an account.
After all, a mortgage is a huge
debt repayable over
several years, but many people are comfortable with it (assuming they haven't overstretched themselves in the first place) because it's controlled and will be
settled by a certain time.
In
several cases, companies stated that monthly payments would go entirely to fees for up to 4 months before any money would be reserved to
settle consumer
debt.
The lure of
debt - settlement is significant: pay less to
settle your
debts; manage one account instead of
several; avoid bankruptcy.
There is a lot of information publicly available to assist with this, but word to the wise: If you owe over $ 10,000 in
debt, have
several accounts you need to
settle, or need the structure and the guidance of a knowledgeable professional, you should seek out the assistance of a knowledgeable
debt settlement firm.
There are many players and
several programs that can help you
settle your
debts.