Well, there are so many variables to your situation left out of the equation here, that it's hard to really recommend anything one way or another. Do you have steady, stable income that covers your monthly necessities and living expenses? Is all of your debt unsecured? Are you behind on payments, possibly even considering bankruptcy? Don't be shy, if you provide more details, you'll probably get some really great, specified advice!
I agree with theDebtClassroom. Provide some info and we can probably help. Back in August 2009, I was $130k in debt. Today....NADA.....not including my home which is underwater!
My point is this: getting out of debt seems like an insurmountable task, until you take the first step. Then it becomes a challenge that provides great satisfaction.
Quote:
Originally Posted by TheDebtClassroom
Well, there are so many variables to your situation left out of the equation here, that it's hard to really recommend anything one way or another. Do you have steady, stable income that covers your monthly necessities and living expenses? Is all of your debt unsecured? Are you behind on payments, possibly even considering bankruptcy? Don't be shy, if you provide more details, you'll probably get some really great, specified advice!
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By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.