debt  how to


Question by  jbon (18)

How can I find out more about debt forgiveness?

I hear about debt forgiveness on the radio but I do not know if the claims are legit.


Answer by  patti (29325)

What the radio ads are talking about is debt settlement. This means that you agree to pay a portion of what is owed as a way of clearing the debt. The write-off is accumulated interest and fees, so it is a common negotiation that collectors offer in order to recover.


Answer by  Manda (1103)

Yes, there is such a thing as debt forvigeness. All you have to do is your research. Go online and go search for "debt forgiveness" and read up on all that.


Answer by  flamiss22 (5081)

Try not to put too much stock to what you hear on the radio. What they are selling is just that some credit card companies will be willing to settle on your bill for less than the balance. That is something you can do yourself. Just call them up yourself.


Answer by  domi (124)

this is called settling your accounts, you are able to do this yourself. beware if you write off more then $600 you pay taxes and it stays on your credit.


Answer by  olive8 (911)

You should talk to an attorney if you can afford one, or call up your creditors directly and see if you can make arrangements.

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