Archive for June 2011
Best answer from question by Jennifer K:
Answer by mycredit wealth,com
This account will remain on your report, as part of your credit history.
Best answer from question by Roderick C:
Answer by Hatlady
Debt consolidation can be a trap if you use your home equity to pay off credit cards. That is one reason why so many homeowners are finding themselves in foreclosure these days.
Debt settlement is a better option for most people.
Both are equally effective – the question is what do they leave in their aftermath? Debt consolidation can be expensive and lead to a situation where your home is not worth what you owe on it. Debt settlement can leave you with less than perfect credit, but that can be fixed over time.
I would be more concerned about the “side-effects” of either situation.
Best answer from question by * RESA *:
Answer by Dwight K. Schrute
No, you can’t