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Posted: Wed Jun 27, 2007 2:50 pm Subject: huge debt amount

hi i need to consult someone on who to go about my debt. i have a debt of $15.341.32 debt which go from credit card to personal loans and vehicle loans

Posted: Wed Jun 27, 2007 3:26 pm Subject:

Hi darwinybb

credit card debts and personal loans can be included in the dmp plan. I don't think any company will include vehicle loans since they are secured debts. You will be able to save more money after enrolling in the DMP program. This will help in making larger payments towards the auto loan. Speak to a debt consultant for your available options. He will budget your finance and work out an easy plan with your creditors.

In case if you want to handle the debts on your own and negotiate with the creditors, go to the DIY section. It has sample letters and helpful tips on how to start negotiating with your creditors and work out a repayment proposal.

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