Originally Posted by
kento
what's $10 or $12k? get hooked up with a consumer credit organization that will work with the creditors. they usually can lower the interest rates and often write-off a lot of the interest already accrued. no point in completely fucking your credit for such a little amount of money.
Sometimes that's worse than bankruptcy. What would hurt him the most is the part where it reads that the debts were settled for less than owed. I had a couple of debts on my report that I settled, however I got in writing that they would mark them paid-in-full, and report THAT info to the 3 major Creditor reporting agencies.