Solutions range from consolidating student loans to
settling delinquent debts.
Not exact matches
If it takes 2 or 3 years to
settle a
debt, you may have 2 or 3 years of
delinquent payments.
If you're already behind on your credit card bills, you have a better chance at
settling than if you were current on all your payments since creditors don't usually
settle debts that aren't
delinquent.
Do It Yourself
Debt Settlement Do my payments have to be
delinquent before I can
settle my
debts?
Yes, your unsecured
debts or credit card accounts have to be
delinquent in order to
settle them.
You will need to pay down your
debt,
settle any
delinquent accounts, and always make sure to make your payments on time each month.
If more than two years have passed since the
debt became
delinquent, a collection account will be removed entirely from a consumer's credit report once paid in full or
settled for less than the total due.
Even when an account has never been
delinquent, the credit bureau description indicating a
debt has been
settled or reduced payments are being accepted tends to be considered negatively by most credit scoring models, including FICO, and can have a devastating effect on your scores.
If the
debt settlement company successfully
settles with your creditors, the
delinquent information isn't erased from your credit report.
Creditors don't typically
settle debts until they're seriously
delinquent.
I help people
settle ALL of their
delinquent debts at the same time.
That is one of the reasons why I only offer
debt settlement to consumers who can
settle all of their
delinquent debts right away.
Settling on your
debt requires that you allow your accounts to become severely
delinquent, missing months of payments.
Some medical - based
debt will be excluded from veterans» credit reports too, as long as it was paid down or
settled before being deemed
delinquent.
If you have
delinquent Chase
debt you may
settle it for a fraction of the balance owed.
Credit report marred by multiple collectors» marks over one loan — If a
delinquent debt is finally
settled, can you get the multiple collectors» notations on your credit report removed?