Reply
New Visitor
Posts: 1
Registered: ‎05-05-2009
0

debt resolution

I have close to 25K in unsecured debt and am considering debt resolution, but cannot find any information except that provided by the provider.  Can anyone out there give me pros and cons?
Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
0

Re: debt resolution

Hi, jillybop, welcome to the forums!

Try this for a start:

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=119579

Be sure that you don't go with a company that tells you not to pay your creditors in hopes of forcing them to negotiate. These people will cheerfully destroy your credit.

Several of our members have successfully gone through DMP's (debt management programs.) I hope they'll be along shortly.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.