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 Posted: Tue Aug 26, 2008 7:05 pm Subject: new jersey help |
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Hi I am a student from NJ and have racked up a $6500 credit card debt (unsecured). I've heard that in NJ you can't use debt settlement. So what are my options? I've stayed fairly up to date with my payments but can't make a dent in the total balance because of interest rates. I've tried calling the companies but they wouldn't help me out. I do have a company who says that they can help settle my debt (Preferred Financial Servces pfs1.net) but I'm not sure if this is the way to go. Please help!
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puresugar1305
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mobile0311
Joined: 05 May 2008
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| Posted: Tue Sep 02, 2008 10:54 pm Subject: |
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I would stay away from Preferred Financial. They will take your first two payments and roughly a third of your payments for the next two years. They will build up a savings account (slowly) and after your acconts go into collections they will start to settled them as the money is available. In the meantime, you may end up getting sued by your creditors. They are not a reputable company and I would avoid them at all costs.
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