We are going through the settlement process and making good headway, however we get letters in the mail from companies saying that they have been hired or requested to collect the debt for XYZ company. To me this is different than selling the account to a collection agency. Am I off in this or what? FYI so far we have settled five cards and are finished paying four of them, our best one yet was US Bank for 20.69% on a 11,500 card. woohoo :)

HELP! Have a large amount of debt ($45,000) and trying to consolidate it to lower monthly payments. Own our home and have tried refi but the appraisal leaves us with only about 82-83% equity in the house. Sure we could refi the mortgage but it only reduces the mortg. payment by about $150 and still leaves us paying $1,450/mo. on credit cards. We desperately wish to reduce that $1,450/mo! Have looked into personal loans but most are 5 year terms and still keeps the payment high for us.

Do you guys think I been giving bad advice? Someone sent me a message on my myspace all upset and telling me I am a horrible person that she did what I suggested and that the CA took her to court and took more then 10000+ over the debt and that it was all my fault....do you think this is just another attack on me? doesn't 10000 sound a little steep for fees? im really upset and now wonder if I am giving good advice or not :(

I am in a bit of trouble here. I work but do not make much money. My main issue is student loans, as Sallie Mae for 4 months stopped sending me bills so my account is past due (though I have started payments again!) My loans in total are just over $10,000 In addition I have 2 credit card accounts. They are both around 3,000. So approximately $6,000 in Credit card debt. So between 16,000 and 17,000 in debts in all. That is a really scary thought for me. I just graduated college a year ago and this is not something to be up against right away.

I have four payday loans all storefront in MS I cant pay my bills because I am paying fees on these loans I want to set up payment arrangements to pay these off How do I go about getting it would you be able to tel me what i need to say in my letter when requesting arrangements A1 225 loan 50fee Advance america 330 loan 70 fee ez loan 300 loan 65 fee Payday loan store 300 loan 65 fe

I have good credit but a lot of debt. If I consolidate my unsecured debt will it hurt my credit initially

Hello, I've been in debt since 2002. I spent 8 years trying to pay off credit cards it's not going anywhere because of the big interest rate. they are all 20-30% and I'm tired of it. Here is my situation. 1 student loan for 10k no other secured/unsecured loans Citi card- $2500 Capital one - $350 Discover- $1200 2 credit card from chase - 1. $1500 2. $6300 HSBC- $1100 Bank of America - $5300 I'm employed full time but $900 goes out the door every month and I'm unable to save anything.

i have entered a debt consolidation program. i rec a letter from citi(sears mastercard). the letter states that i must terminate credit insurance. there is no phone number, ot email address. can you help me?

i have about 1200 dollars worth of pay day loans due to my partner loosing her job how can i get out of debt i still have to keep my bills paid in the process