by montyloree » Tue Jan 20, 2009 11:14:59 AM
horacioeg,
debt settlement should be regarded as a bankruptcy alternative.. it's not a way to scam creditors.
If you're doing debt settlement to get out of paying debts that you can afford to pay, then you're asking for trouble.
debt settlement is for people who are genuinely in trouble and need the relief.
The case that I site is one where people's health is starting to degrade because of their debt situation.. They're getting sick, and thus less able to work and make money.. This is a reason to do debt settlement.
If you've got enough money to pay your debts, then pay them.. even if it takes 10+ years. If you make an agreement, you should stick by it.
IMO