What is the best website solution of the debt and why? My friend is in a 7 to 10 thousand dollars of credit card debt, it did not pay its creditors over a year. He tries to get back on its feet, I need to know what is the best solution to the debt and why. please help.
Thank you
- You do not need to hire a firm solution to repay debt or to pay debts if you have already defaulted on your credit card.
When a credit card is charged-off as bad debt, you must understand that the damage to your credit is already done and there is not undo this. The scoring of radiation remain on your credit report for 7 years from your date of default. Payment of the debt in full after a charge-off will not repair / fix your credit. By Act Fair Credit Reporting, a charge-off, either unpaid or settlement is paid in full, remain on credit reports to a consumer for a maximum of seven years ... should not make the mistake of simply cutting a check to some collection agency debt for compensation expense and assume that your credit rating will be restored by magic.
Renewing contact with debt collectors on old debt blue may cause more trouble than it's worth. Your effort in order to meet threats, abusive collection calls ... threats of lawsuits ... and once they find out you're willing to pay, they will probably add all sorts of cool and they come after you for two or even three times the original amount of debt. Worse, they might decide to sue you to try to obtain a Judgement against you for debt ... leading to the garnishment of wages can be 25% of your salary. All this debt is in the limitation period, which means they can sue you and win .... For this reason, I suggest you do nothing ... not cause trouble for you .. The load dropped off your credit course in 7 years. The risk of triggering a lawsuit against yourself is not worth a small increase in your credit score. The main damage of the load-off your credit should be over in 2-3 years.
=================
If you repay the old debt charge-off anyway, so you might as well negotiate the lowest settlement bottom you can possibly get, is that the rating of negative charge-offs will remain for 7 years on your credit report, regardless of whether the charge-off is paid or not. ... Offer 25% from there. Again, you do not need to hire any solution of the debt "closes when you've completely missing .... You can pay by yourself. Get all the conditions of an agreement in writing before you pay.
I would say that it is the best: http://www.esuperfind.com/lowermybills.p ...
Why? They are an Experian company!
Posted on January 18, 2010.
