Debt Consolidation Forums Debt Consolidation and Debt Settlement forums
I'm just starting debt settlement...
Fri, 07/11/2008 20:33
Hi, Thanks again to everyone here who are so helpful. OK, I'm just starting debt settlement and I was just told I needed all of my unsecured debts added to my debt settlement, which I understand and I got good advice on my other post.
Now to my question. At this time I'm still financing a vehicle which I'm current right now and I have it in a budget I can afford. Is having a 21,000 secured debt going to affect my settlement in regards to settling an $80,000 unsecured debt settlement? Do the creditors look at someone who is paying a secured debt and not offer the best settlements for unsecured debts (credit cards debts)? If it is recommended I turn it in, I will get no money out of it and will not be able to buy a car for my family.