Comments on: Debt Settlement Arithmetic

By: Charles

Charles — Mon, 28 Jan 2008 16:24:35 +0000

David, I can’t make a firm recommendation because I don’t know enough
about your situation. Basically, you should find out whether or
not Chapter 7 bankruptcy is available to you, where the unsecured
debts would be fully discharged. If you are blocked from Chapter 7
due to income or assets exceeding the threshhold for your state, then
you would be required to file Chapter 13 instead. If that’s the case,
then you should look at debt settlement as a possible alternative. Feel
free to request a 20-minute phone consultation with me if you want
to explore it further.

By: David

David — Sat, 26 Jan 2008 04:24:21 +0000

Before I read this article, I had already been making plans to take care of my
debt in this fashion. About 12 years ago I ran into charge off problems in
college and with the experiance I gained from dealing with creditors and
settlements I thought that this plan of action was my only way out. However,
the college debt has nothing compared to the $207,019.89 and rising debt that
I am about to face. Any help? Keep in mind….this is all revolving debt.

By: Roebella

Roebella — Tue, 07 Aug 2007 17:40:54 +0000

This article is very helpful. I have been reading all kinds of articles about debt settlement and this one is like the light bulb that turns everything on because the arithmetic makes debt settlement very logical and puts inflation in the right perspective. Thanks!

By: Steve "The Debt Settlement Man" B

Steve "The Debt Settlement Man" B — Mon, 21 May 2007 15:52:00 +0000

wow this article rocks. I am in the business and trying to explain that to people can really begin to be a headache but once you understand how much bigger of a debt problem you have than what you currently owe than you see why debt settlement is such a nice option. I am definetly going to bookmark this article and make sure my prospective clients read it. Great job here.