November 8th, 2009 by Questions
I have credit card and line of credit debt totaling $40000. I have a job. I heard different things about debt settlements is it like consumer proposal affect your credit rating R7 or debt settlement company pay on my behalf to creditors after settlement and than I pay debt settlement company over 36 months? Or I stop paying to creditors after retaining debit settlement company for 36 months and deposit money with debit settlement company for 36 months. What will be my credit rating which R after I retain a debt settlement company. ( in scenario I stop paying to creditors for 36 months my credit rating will be R7 ).
Posted from: Ontario