get a loan to settle with?

[Anonymous]

I spoke with my brother yesterday who incindentally helps people understand their credit when applying for a mortgage. He explained a lot of stuff to me, but the main good news is that my credit is not nearly as bad as I thought. I had applied for a debt consolidation loan previously and was turned down, he told me I just went to wrong place and mentioned some places I should try. Anyway... I'm still going to spend some time cleaning things up via+. the advice on this site, than apply for a loan from one of the places he suggested. What I'm wondering is has anyone ever settled with a creditor than payed the settlement with the debt consolidation loan? I'd like to try to negotiate my highest interest card down a bit before paying it off. I've payed over $1000 in interest this year alone and wondering if I could get a Payed As Agreed if I offered them maybe 6000 as opposed to the 7000 I owe? Do they check your credit when you make an attempt to settle? I'm thinking if I can settle with this creditor before the loan goes on my report I may luck out? Am I overboard? Anyone?

Thanks!
Civvy


[Edit by civvy on Tuesday, July 16, 2002 @ 12:31 PM]

[sisflomi]

I wish these folks would come back now and tells us how their credit is going. It would be nice to know what a year or more of clean up can do.

[kb9tbq]

Might try to e-mail this one - I tried following the web site but it did not go any where - also this person had AIM & ICQ.

I only see this one post - so the other 4 which it says are just not showing.