Get Out Of Loan Debt

// I have a 05 nissan payments are 500 a month. I am currently behing 6 months and the car is in collections. I owe 20,000 and I recieve a letter stating that they’ll settle the account for 16500. The car is maybe worth 10000. I need to fix my situation and either some how [...]

… asked: I have lots of credit debt and want to close out the credit accounts as I pay them to stop interest and make payment plans. Would it be better to pay the interest and live in debt or close out my accounts and pay them at a slower speed? Also, how long will [...]