Several years ago, I was under-employed and drowning in credit card debt. I chose to go the debt settlement route. I was never comfortable with the process. Recently, I have come into a sum of money which can eliminate that full amount of debt with no settlements. Since my credit score is fairly low already, should I take advantage of the relationship with the debt settlement company and pay less? Or would it be better for me, and my credit, to pay off the full amount?
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www.debtplan.org Debt Consolidation can Help avoid filing bankruptcy Eliminate creditor harassment Lower debt payments up to 50% Provide one monthly payment Once you’ve found yourself in debt it may feel like a downward spiral from which you don’t know how you’ll ever regain your footing. It’s hard enough to find simple answers and may seem impossible when the collection agencies constantly call your house and threaten the security of you and your family. Ultimately your decision to choose a debt consolidation loan or credit counseling program to consolidate debts, should be based on your own personal financial situation.
In this interview with KRON4 TV, Brad Stroh (co-CEO & Founder of Freedom Debt Relief) discusses the differences between various debt solution options. Topics covered in this interview include: •How to reduce minimum monthly payments •How credit card principles can be reduced through negotiated settlements •The differences between credit counseling and debt settlement •A case study of showing how Freedom Debt Relief’s program works. KRON4-TVs Homepage: www.kron.com To see the Freedom Debt Relief client case study discussed in the interview: www.freedomdebtrelief.com For Freedom Debt Relief reviews: www.freedomdebtrelief.com
Thanks everyone. We’re current on payments, and haven’t used any of the cards for two years. We just can’t make more than the minimum payment, and we’ll never be payed off if that’s all we can swing. We don’t have that much debt compared to a lot of folks we know, but just looking at all options. I’m thinking we’re going to check out a non-profit organization, like suggested by a few of you. Thanks!
it is a home based debt collection agency. what i need to do? please help me!