pay or not to pay

If you don't pay the total amount due than you will still end up with a past due amount showing and if it goes longer than 30 days it can be reported to the credit bureaus.

I would have to say negotiating a settlement would have to be your best option but most creditors won't be willing to make a settlement on your account for lower than what is owed unless you are way behind on your payments. So be prepared to severely damage your credit if that is the route you choose to take.

Best of luck.

Guest

Welcoem to the forum.

It is better to go for negotiations. The lender will take all the money you can pay but will still can foreclose if you paid short.

So probably this is a good time for you to write a hardship letter explaining yoru financial hardship and you can find a sample of the same on this fourm

Here is the link

http://www.mortgagefit.com/problems/hardship-letter.html

Good luck and feel free to ask

http://www.mortgagefit.com/problems/hardship-letter.html

As Realgeni suggested it is better to go negotiations.
It will help you.
Provide you monitory benefit.

You need to stop tagging on to some one else asnwer and misdirectign people