Monty,I was just trying to welcome indebt2006 :-)

money advice,
I'm not following what you're saying...

indebt2006 has made the right choice of joining this forum and the doubt he has is a real one which many of them seem to have.i just wish to tell you that please don't rush through and ensure that you are aware .

Collection agencies will not take monthly payments on a settlement. They may allow you 30-60 days to pay it, but will not do it over a 5 or 6 month period.

What I would suggest is going with whoever is going to lend you the money at 30% and just bite the dust with them for 5 or 6 months. Because, in reality you are basically saving money in the end even with paying your lender 30% with that settlement ($2400 bucks is a pretty good deal).

Hi there, I was wondering if this would work...
I am willing to settle an overdue account which has a balance of $5300, I spoke to NCO yesterday and they said if i can come up with $2900 they would take that, spoke with this loan company and they would lend at 30% interest.

I figure if i make arrangments with NCO for about 450 a month for the next 5 or 6 months would they accept that to clear this and finish with this overdue loan. Any comments would be great thank you
Fernando Soto