Legal Question in Credit and Debt Law in Texas

settlement or consolidation

is it better to consolidate or to settle out. one of the companies that i want to consolidate they said that they are not going to accept any payment and if they accept payments they are just going to charge more intrest. what should i do.


Asked on 10/20/05, 12:07 pm

1 Answer from Attorneys
Sharon Campbell Sharon K. Campbell

Re: settlement or consolidation

I would be very leary of consolidation companies. In my opinion, most, if not all, offer much more than they are able to deliver. You may very well end up in worst shape down the road than you are now. I would not recommend going that route. I can recommend a credit counseling company to you: First Stone Credit Counseling. Full disclosure, they are a client but, as best as I can determine, they are a legitimate ocmpany offering a good service.

Read more
Answered on 10/20/05, 4:20 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Texas