Ok. Please give me feedback on this thought

[catleg]

The problem with settling one at 40% is that if the others won't deal, and you end up filing BK anyway, then you just p*ssed away the settlement money. Usually after a while you get a feel for it. It really only works if you have very few creditors and a good story.

Not to mention the tax issue.

[lovemybugs10]

We have 3 big ones, and a few small ones.

and my husband was out of work. Had to move for a new job.

Most of them have offered me 40% at one time or another.

I guess it isn't for everyone.

[jacko]

You're debt has been discharged and credit ruined. Why bother, your credit would still be bad. Park any monthly excess to accumulate a 3-6 months of cash in a out of state checking like Schwab and a Wal-Mart money card. When that is accomplished, apply the excess to a Roth IRA.

We have 3 big ones, and a few small ones.

and my husband was out of work. Had to move for a new job.

Most of them have offered me 40% at one time or another.

I guess it isn't for everyone.