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If I do my own debt cancellation plan, where do I start?

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  • Markita Aldridge

    Mortgage Consultant, WestStar Mortgage
     
    703-497-3936

    Markita has been called :The Queen of Mortgage Financing especially after a BK". Since 2002, Markita has been a top-producing loan officer with WestStar Mortgage located in Lake Ridge, VA. She offers her clients expert service in mortgage financing regardless of credit history. Markita's former career as a professional basketball player with the "Washington Mystics of the WNBA" has been her foundation for creating a TEAM atmosphere when dealing with her mortgage clients. She truly believes Together Everyone Accomplishes More! You can visit her website at <a>www.TheLendingAdvisors.com</a> for more information and several FREE mortgage reports that reveal lending secrets other mortgage bankers don't want you to know!

  • If I do my own debt cancellation plan, where do I start?

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    Credit, Debt, Bills, Payments, Pay, Counseling, Cancellation plan, Bankruptcy, Financial, Finances, Money

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  • Transcripts

    Host: If I do my own debt cancellation plan, where do I start?

    Markita Aldridge-Woods: Again, the first thing is to contact the creditors; once you have contacted them, you do need they hear to a payment plan. If those accounts have already become charged off accounts, meaning the creditors no longer even contacting you about them, then the best thing that you can actually do is offer them a settlement. Offer them a settlement at 25 cent on a dollar. So, for every dollar you owe, offer them 25 cent of that and try to come to some resolution. However, the key thing is once you have made this payment plan and this promise to pay, you must adhere to the payment plan or the consequences are actually going to be worse.

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