Your credit report Louisiana

- Kristie If you have a good paying job your credit report Louisiana while youre waiting for another one, I encourage you to keep the good paying job.

However, you should spend your time at that job recognizing that this is not where your heart is and save your energy and focus for the next step in your career path. Look at your current job for what it is: an exchange of some time for some money. Your focus should be on establishing a career path, and if your current job keeps you in a good place to do that, keep at your credit report Louisiana it.

Q5: Settling credit card debt I was just curiousIm kind of new to the PF blog world (just started following the major ones [including yours!] on your credit report Louisiana a daily basis a few months ago), and Im finding it surprising how little coverage settling credit card debt receives.

I see a lot of questions submitted by individuals who have (what I consider) your credit report Louisiana extremely high amounts of cc debt (20k, 30k, 40k) and I feel that I never see any advisement about the settling process. one free credit report a year Instead, it seems that most everyone is advised to suck it up and strap themselves in to snowballing through the debt and insane amounts of interest for the next 5+ years (or more!). My question iswhy? Of course there are negatives to settlingthe hit to the credit score, right?but I have a friend who recently settled her 25k+ cc debt for 25% of its original amount and their score is still good (around 650). Although she could have kept up her monthly minimum payments (even though they took up 50% of her take-home pay and she would have been stuck in her hand to mouth existence), she purposely defaulted in order to settle. 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 your credit report Louisiana money that would have gone straight out the window to make the tiniest of dents in the debt, and then she settled and paid off those amounts in your credit report Louisiana full with cash. my credit report free 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 your credit report Louisiana a last ditch effort (as in, only an option if youve already defaulted and have no other choices)? Or are there other negatives Im not seeing? - Jeff For one, it is an ethical issue.

Planning ahead to your credit report Louisiana take someone elses money then defaulting your credit report Louisiana on that debt is just simply your credit report Louisiana dishonest. Another factor is that it does drop a bomb on your credit report, even if your credit report Louisiana you negotiate it away.

It has a pretty big negative impact, one that doesnt just affect the debts you might take on, but also affects job applications and insurance rates. Yet another factor is that youre hoping that the negotiation process goes the way you your credit report Louisiana want it to. Youre betting on the company being willing to your credit report Louisiana negotiate with you and doing it in a smooth and expedient process, which does not always happen. free credit report contact 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 being blacklisted your credit report Louisiana from future transactions involving that bank.