The real estate part was not good. I have a limited amount of funds and I hope I can settle my last three debts with it.

That's the other side of the story...
Asset rich, cash poor.. the story of a business person.

The timing of a sale of an asset, especially real estate is not guaranteed. That's reasonable.

Good point.

I had it in assets and once I sold the assets I paid back my family.

I've added a new topic to the FAQ section with regards to Debt Settlement
/faqmaster/faq.php?category_id=10&cat_name=Debt%20Settlement%20-%20Questions%20You%20Need%20to%20Ask%20Yourself

If anybody has questions or points to add... i'll do that right away

I've asked RichardC for his input, and i'll contact the banks to get their input.

damn, don't show raymond the door, he is my clarice!

'tis been good sparring with you ray. i still want to borrow money from you, by the way.

average_joe..

That's probably the most important part here.

You didn't have the money... Your family stepped in.
You didn't have any personal means to settle the debt yourself.

That paints the whole picture right there.

horacioeg,

When the deal was presented to me I borrowed the money from a family member. These 10% deals don’t come knocking everyday.

horacioeg,
debt settlement should be regarded as a bankruptcy alternative.. it's not a way to scam creditors.

If you're doing debt settlement to get out of paying debts that you can afford to pay, then you're asking for trouble.

debt settlement is for people who are genuinely in trouble and need the relief.

The case that I site is one where people's health is starting to degrade because of their debt situation.. They're getting sick, and thus less able to work and make money.. This is a reason to do debt settlement.

If you've got enough money to pay your debts, then pay them.. even if it takes 10+ years. If you make an agreement, you should stick by it.

IMO

average_joe post :
"If your not working, on disability or any other reason why you have no source of income you can get the same offer if you wait them"

If that is the case, nobody is in the position to offer not even 1% (from where?)

Are you going to give real advise someday?

ok... average_joe

i think we get it...

if you get a moment.. why don't you write out "steps to debt settlement" and we'll put those into the FAQ section...

I think that would be much more helpful than sitting here arguing.