[masraum]

Originally Posted by afterburn 549

Of course there the "bail out" method. You do not pay them anything for 90 days and then you offer a large amount of cash 1/3 to 1/2 to call it all done or they get NONE

Right, I was curious about those things, so I called one. You stop paying, your debt goes to collections, after a while when your credit is ruined, you offer a low-ball payoff. If they accept, then come the next tax time, you get to claim all of the debt that they wrote off as income. Ouch, so you think you got free debt relief and then find out you're going to get dinged come tax time.

Sounds like a great option!