Jun
17
2009
Is this a good time to settle your debt for pennies on the dollar?
I was reading in the paper today about how many credit card companies are settling with some borrowers with an amount far lower than what they actually owed. In some cases, they are settling for 50% of the debt! Which means that a $10,000 all of a sudden becomes a $5,000 debt! Now before you get very excited, there is more to it.
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