TLDR: I have a ton of credit card debt, was offered a hardship program. How will this affect my credit?
I didt know where else to come but here, I've found my self in a hole as I bet a lot of people can relate to this. I have a question for you guys, it's HARDSHIPS I called all my CC today trying to do a settlement. They all said since I've never been late on a payment that there'd be No settlements offered that I could ask for a hardship.
For example I owe 5k$ making a payment of 120$ a month being hit with interest of 70$ as you can see that'll take me a little less then 10 years to pay off. What they offered me was 60$ monthly payment for 58 months interest free. This sounds too good to be true.
I've learned one thing in life when things are to good to be true, it's because it is... how will this effect my credit score(I'm US). I've gone to google and only seem to find mixed reviews.
Worth noting one of these cards are already closed, while one is still open. Any help is appreciated as I try to become debt free!
Submitted March 21, 2017 at 10:31PM by Ryanth47 http://ift.tt/2nlatcO
