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K & G Debt Professionals
8The Debt Solution

FAQs What about Credit Card Use?

Thursday, March 11, 2010

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What about Credit Card Use?

Count on creditors to close any accounts and credit cards as a condition of arriving at a settlement. You can keep open as many cards and loans and lines of credit you wish, as long as they are not included in the settlement program.

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Sample Client Contacts
I do not have savings or friends and family to lend me the money to pay a settlement, what other options are available if I can't get a loan? I owe $10,000 to a line of credit and $8,600 on credit cards. I am splitting up with my partner and will not be able to afford to pay my minimums once I am on my own. Thank you for any advice and help that you can give.'

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