Frankly, you'd be better off explaining what it is your company does. I'm otherwise going to remain a skeptic and say you're probably in the business of making money off of people -- and not necessarily in a way that benefits those having financial difficulty. If you can't explain what your company does, you obviously can't put *our* money where your mouth is.

I'm wondering if anyone has any experience with this and can speak to it?

I have an account in collections (from a major bank) that I have been paying off for 1 1/2 years. I'll be able to pay off the principal amount in full in another 15 months. The remaining interest on the account will be about $3,000.

I bought a house not long ago and want to continue to improve my credit rating and be in good standing with the banks when it comes time to renew my mortgage in 4 years. My question is this: Would it hurt my standing with the bank and credit score to negotiate a closing settlement that doesn't include paying the interest but includes paying all of the principal amount when the time comes, or am I better off to just pay it all off in full? I'll assume the creditors will want to "advise" me to settle a percentage of what's remaining to get their money...but I know they're in the business of making money and are not working in my best interest.

Anyone have any thoughts? It's a 24k debt. I've worked this hard to pay it off so I don't want to ruin an opportunity for my best possible outcome. What I don't know is whether or not the banks care if I only pay back half the interest on outstanding debt or the whole amount.