Been looking into options for dealing with some debt, and I'm kinda stuck between going for a structured repayment plan or trying to settle the debts outright. Anyone have experience with either? Curious which worked better for you and why.
Went with a structured repayment myself—kept things straightforward and predictable. Settlement looked tempting at first, but the credit hit wasn't worth it for me. Preferred knowing exactly what I owed each month...less stress overall.
Did you find the structured repayment limited your flexibility at all? I went through something similar a while back—picked repayment too, but sometimes wondered if settling would've freed up cash faster, even with the credit ding...still not totally sure.
Honestly, did you factor in how long the credit hit from settlement sticks around? Repayment might feel restrictive at first, but settlement can limit your options later—like higher interest or trouble qualifying for loans. I tried settlement once thinking I'd have more cash flow, and yeah, short-term it helped...but longer-term, it was a bigger pain than expected. Maybe flexibility isn't just about immediate cash, y'know?
