View Full Version : Is It Wise To Accept ...

01-15-2005, 03:28 AM
I've decided to accept settlement offers to clear up my debt. I've received several letters to settle my accounts for half the amount owed. It sounds like a good thing to do. Is there a catch to using this method to pay off debt? Is it really benifical?

I would like to buy a house in two years. If I settle my accounts instead of paying off my debt in full, will it look bad when trying to purchase a home? Is a high credit score good enough to purchase a home at a good rate?My goal this year is to pay off as much debt as possible.

All advice is appreciated. Thanks.