My credit New Mexico

It seems almost logical to meshe stopped paying her monthly minimum payments, defaulted, spent a few months getting badgered by collectors while she stockpiled the money that would my credit New Mexico have gone straight my credit New Mexico out the window to make my credit New Mexico the tiniest of dents in the debt, and then she settled and paid off those amounts in full with cash. Altogether, it was an 8 month process as opposed to a several years long torturous journey. Is it an ethical issue? Is that why settling seems to be considered a last ditch my credit New Mexico effort (as in, only an option my credit New Mexico if youve already defaulted and have no other choices)? free credit scores and reports Or are there other negatives Im not seeing? - Jeff For one, it is an ethical issue.

Planning ahead to take someone elses money then defaulting on that debt is just simply dishonest.

Another factor is that it does my credit New Mexico drop a bomb on your credit report, even if you negotiate it away. It has my credit New Mexico a pretty big negative impact, one that doesnt just affect the debts you might take on, but also affects job applications and insurance rates. free credit report without using a credit card Yet another factor is that youre hoping that the negotiation process goes the way you want it to. Youre betting on the company being willing to negotiate with you and doing it in a smooth and expedient process, which does not always happen. If it doesnt, youre going to have a giant wound on your credit report for many years. Not only that, youre also running a chance of my credit New Mexico being blacklisted from future transactions my credit New Mexico involving that bank.

I have a friend who simply cannot get a card from Chase, even though hes had strong credit for years, because of his previous default on a card from them. triple credit report free