I have debt of 11,400.00 on 2 credit cards

:shock: :shock: :shock: :shock: Jeez that is a lot of money.Congrats on being current with it. Since you registered with us,a debt counselor should be contacting you in the near future. Good Luck!

debt settlement program will need you to be in defaults on your accounts for a certain period of time. This way the settlement company will explain your creditors that you are having problems in paying with the existing interest rates and hence, will like to go for a settlement. It will be a long re-negotiating process and your settlement company will arrange a better deal for you.

Are you willing to default in your payments? If you wish to stay current, debt consolidation will be the right option for you? In this plan, you pay the principal amount. The existing interest rates will be brought down and most late payment fees will be waived off. This will bring down the total balance. Talk to a consultant and figure out the options you have, before finalizing the plan.