Debt Negotiation Advice
should i do debt settlement?
My husband and I have some debt.The accounts are more then 6 months behind.Now my husband is gettin a big bonus from work that will cover most of our debt but we would have no money left over afterwards.Would it be more logical to do a debt settlement to try and save some money or just pay it all off myself and have no money left over? thanks!
Public Comments
- Yes, you should pay off the debt but you can do it in small installments so that it may not burden your budget and also you can use some amount if required in emergency.
- Debt normally comes with interest. It will be better to repay the debt first, as once u r debt free, u will have one less things to worry when it comes to money. It is not worth it to just keep paying interest and at the end of the day, u will discover that the debt repayment that u have been paying is just only the interest. Beside, if u decide not to pay the debt, what happen when one day when u r out of cash n the bill starts to come and u r unable to pay? Then it will be a problem.
