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QUESTION DETAIL
Related User
Votes
I have $22,079 in credit card debt. I have contacted a debt consolidator, who say they can get me debt free from my $22,079 within the next 4 years. They say I should stop making payments and I should wait for my creditors to offer me a settlement. In
ANSWER
The BIDaWIZ Team's Answer:
No; you will hurt your credit rating, if you stop paying the debt.
You need to close the account, and establish a fixed monthly
payment term, with the creditor.
