Posts Tagged ‘debt’

Will debt settlement affect my credit worse than through nonprofit credit counseling?

Posted on: January 22nd, 2013 by Kenneth Long No Comments

(Ask a Question) I am in a position of receiving a little unexpected money this week.  I would like to pay off as many bills as possible with this money to make it go as far as possible.  I contacted one creditor and inquired if they might settle.  They agreed to settling the balance at about 55%. The savings is just under $600. Will this affect my credit score in a worse way than continuing paying monthly through a non-profit consumer credit counseling company? (more…)

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