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But in any credit situation, you will need to pay more than you owe. The $250 per month option given you by the credit counseling company sounds reasonable. If you pay it off over 5 yr, of course it'll cost you more than what you owe. If you borrow money off me and only repay it Five yr later, I need something to pay me for that wait.
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The process to erase blemished credit can be long. If you are working inside a certain time-frame and need a faster process, options are available. Reading thru your credit report and eliminating the negative marks, through disputation, can erase bad credit.
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