The minimum payment on credit accounts should be used as a convenience only because paying only the minimum could mean you end up paying 3 times the original purchase.
Overwhelming debt is stressful but should you file bankruptcy or enroll in a debt management plan. Both options can provide relief but have a different impacts on your credit scores.
Question I am not late in any of my credit card payments and have never been in over 20 years. I have revolving balances with my credit cards. I reached out to them directly to ask if they would negotiate and settle for a lower balance, if I paid this lower balance in full immediately….
Question: If I have a credit card debt that is past due and I have not made any payments nor responded to any letters to pay and it has been more than 6 years; is this a stale debt and I cannot be sued for it? Answer: The number of years which determines a time-barred…
The first thing you should keep in mind when settling debt with a collection agency is that they have only paid pennies on the dollar for that debt.