Would it be better to get into a debt management plan or settle when it goes to collections?
I have a credit card debt of about ,600.00 with a major credit card provider. They are charging me 24.99% interest. The minimum payment is around 0.00 and 0.00 of this is interest. What would be the best thing to do? Should I use a debt management program to pay it off or stop paying it all together and let it go to a collection agency where I could then settle with them and ask that when I settle that they remove the negative information from my credit report?
Tags: debt, Hospitality Recreation, debt management plan, GE, cr, pl, debt management program, credit card, report, debt management, minimum payment, collections, Human Interest, payment, credit card provider, credit report, credit card debt, Information, Have, credit, Business Finance
Recommended:
JVZoo Product Feed
Related posts:
- Has anyone ever used a debt management service? How did it affect your credit rating? Would you reccommend it?
- Can you get a home equity loan while in a debt management program?
- How much will a debt management plan save a month?
- What happens if you get out of a debt management program?
- If you're in a debt management program, what are the effects of employment consideration?
these are good at what they do and BBB approved etc: http://www.esuperfind.com/lowermybills.php?id=tnh
The way it is done (if approved) they’ll pay your debts in full thus effectively transferring your debt to them.
You then pay them at a lower interest rate.
If you let it go to collections you’ll have it in your credit score for the next 6 years.