May 6th, 2009 by Questions
I am a little confused about Debt Settlement. I contacted a firm because I currently have my debts with a Credit Counselling Service but I cannot afford to keep paying them monthly and if I add the other (unsecured) debt the monthly payment would be to high. My debt is about $19000 (credit card debt) and they have given me a pretty good figure which I can pay off immediately. However, they are telling me that I have to show that I have the ability to pay it off over a certain period of months and that`s what is confusing me. I thought a debt settlement program was where you paid your creditors with one lump sum, immediately.
Posted from: Ontario