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Debt Settlement
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PRODUCT +/- Rate Last week
30 year fixed Graph Icon Arrow 4.09% 4.16%
15 year fixed Graph Icon Arrow 3.25% 3.30%
5/1 ARM Graph Icon Arrow 3.28% 3.36%

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PRODUCT +/- Rate Last week
30 year fixed refi Graph Icon Arrow 4.09% 4.17%
15 year fixed refi Graph Icon Arrow 3.25% 3.34%
10 year fixed refi Graph Icon Arrow 3.15% 3.18%
PRODUCT +/- Rate Last week
60 month used car loan Graph Icon Arrow 3.20% 3.20%
48 month used car loan Graph Icon Arrow 3.18% 3.19%
60 month new car loan Graph Icon Arrow 3.44% 3.44%
PRODUCT +/- Yield Last week
6 Month CD Graph Icon Arrow 0.75% 0.71%
1 Year CD Graph Icon Arrow 1.24% 1.24%
2 Year CD Graph Icon Arrow 1.41% 1.41%
PRODUCT Rate
MMA and SAVINGS 0.58%
$10k MMA 0.57%
Interest Checking 0.43%
  • Debt Settlement vs Bankruptcy

     - MortgageRefinance.com 7/13/2010 4:34:19 PM
    Debt Settlement entails, precisely as it sounds, the agreement between a creditor and debtor to pay less than the full amount of debt owed. The debtor agrees to pay the reduced amount while the creditor agrees to consider that reduced amount a payment in full. Only unsecured debts can be settled (creditors secured by collateral will simply foreclose/repossess the collateral, and thus, have no need to negotiate or settle). Read more

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