Jan
07
More debt than income qualify for debt reduction service?
Posted ByOr is bankruptcy the only option? We dont want to do that but is there a debt reduction company we can use to get those bills paid off instead? Thanks in advance.
Or is bankruptcy the only option? We dont want to do that but is there a debt reduction company we can use to get those bills paid off instead? Thanks in advance.
2 Comments
January 7th, 2010 at 12:50 pm
Im pretty sure to qualify for any service you have to have more than $5,000 in debt.
January 7th, 2010 at 1:44 pm
My, cousin just filed for bankruptcy,I found out that you do pay them back-eventually. She pays 50..00 a month (what her lawyer fiqured she could afford,) it`s put into a trust fund, when it gets big enough they contact a credit card & offer them an amount to pay in full.Sounds a lot like those dept reduction services, it `s not supposed to hurt her credit history eighter.I would really investigate both angles.I personally wonder who I would trust with my money more-a lawyer or service. She also keeps her house & car, but cannot sell them.