Legal Question in Credit and Debt Law in Texas
early pay-off of credit couseling debt program
We have been in a credit couseling program for four years. We now have the money to pay off remaining balances which total about $13,000.00. Should we pay off through the program or contact creditors directly? One creditor said that we could ''settle'' for less than the pay-off amount. The credit counseling program says that we need to go through the program.
Asked on 6/27/06, 9:57 pm
1 Answer from Attorneys
Peter Bradie
Bradie, Bradie & Bradie
Re: early pay-off of credit couseling debt program
Read your contract with the credit counseling service. They probably have a vested interest in the payoff.
Answered on 6/27/06, 10:02 pm