Must You Stop Making Payments, To Settle Credit Cards?

http://www.CreditCardReliefFormula.org
If you are trying to get relief from enormous credit card debts, do you need to stop making payments in order to settled credit cards? And if you do, is there a way to rescue your credit score?

Category:

Howto & Style

Tags:

• card
• credit
• debt
• settlement

[cognitivefun]

listenspeakthink: so thrilled to hear of your success. This is the reason I love what I do, because of great outcomes from folks like you.

courtdiz25: there are times when you are sued. But that can be part of the settlement process. And there are tax ramifications but take a look at IRS "insolvency" rules. There is a good chance you may owe little or nothing in "cancellation of debt" income tax. Ask a good CPA, you may be surprised AND debt free without tax liability.

[MrMariobgs]

Very helpful, gracias

[listenspeakthink]

Thanks Richard! I didn't buy your credit card relief formula, but I did buy the loan modification webinars for $200. Everything you have said is true! Much appreciated. I have modified both of my multi-unit rental properties and have settled my credit cards for 25% of their balances or 30% of the original balances. You are the real deal. I even settled one for 10%. I am so grateful. Now I am saving.

[4mrav]

thank you you put my mind at ease

[bastardo323]

Thank you so much for your advice.

[courtdiz25]

The MAJOR glitch with debt settlement is to have to STOP paying... and you are going to pay into an escrow fund with the settlement company for up to 3 years??! Name a creditor that will wait 3 years of non payment for a settlement. They are going to SUE you first.Remember the saying "If its too good to be true it probably is" If it really worked I would be the first in line. They never disclose that you have to pay taxes on forgiven amounts either. Wake up people.. Use your brain.

[courtdiz25]

@bastardo323 Contact the original doctors/hospitals and ask if you qualify for charity care. Based off of your income, they typically take care of part or all of your balance based off of hardship and need. Good luck!

[bastardo323]

My medical provider reported my $4200.00 debt to a collection agency. I'm unemployed.I cannot paid the money right now. I need some advice as to how to settle this debt with the collection agency which by the way is claiming the debt as 5100. Any help greatly appreciated...

[ACreditcard4u]

Get your free info to get 70% or more off your credit Card Debt 866 999 3595

[FlyLady13]

Love your videos!