Debt Is For Dummies (Debt Consolidation, Management, and Reduction)
Debt Consolidation And Management
Debt Collectors – Streetsmart Guide to dealing with Debt Collectors Part1
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debt consolidation and management question by McChesney: Are there any debt consolidation companies that do bulk settlements that clear your credit quickly?
I want to work with a debt consolidation company that pays off the debt on your credit report quickly and have you pay them monthly. I do not want a consolidation company that only pays the collectors as you pay them.
debt consolidation and management best answer:
Answer by ∞infiniti∞
There is no such animal.
Debt consolidation companies work this way: You agree to pay them a certain amount each month.
The debt consolidation company splits the amount among your creditors.
The debt consolidation company receives a commission of 10 to 15% of your payment from the creditors.
Your creditors are under no obligation to accept this arrangement from the debt consolidation company. Participation is voluntary.
Your creditors can refuse to work with the debt consolidation company. They can opt to continue to collect from you and subsequently take you to court.
Debt Is For Dummies (Debt Consolidation, Management, and Reduction)
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Debt Is For Dummies (Debt Consolidation, Management, and Reduction)
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