6

There is a very common scam, "Rachel from Card Member Services" a robo call that seems impossible to stop. To mhoran's point, if the card issuer is calling you to settle, that's a different story. My SIL got into trouble some time ago. Unable to refinance a mortgage down to 4%, from 7%, due to an outstanding, very overdue card. She was in discussion and ...


4

That's quite an edit you made to your question! You are basically asking: I borrowed money. I can afford to pay it all back, but should I? Why wouldn't you pay it all back? The concept of debt settlement, as well as other types of loan forgiveness, all revolve around a basic assumption that at the time of purchase, you had both the means and intention to ...


1

If you literally do not have the money to make then minimum payment, then you should not pay, because it is futile, as you say. Instead, you should immediately contact the creditor, let them know the situation, and try to work something out with them. If this is a temporary situation (for example, if you’re between jobs), they’ll handle it differently than ...


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