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After spending hours looking for a site such as this, I am pleasantly surprised to have found this one! Lots of great posts and apparently caring folks as well. I and a partner own a small business (S-Corp). We have two additional employees. The business is current on our bank pyt and has no credit card debt. We are barely making ends meet tho. We owe, at the bank, all the business is worth. I, personally am not doing so well. I have over 60K in personal unsecured credit card debt, and it has gotten to the point that I am getting further and further behind on paying them down.

We owe Chase $19k on one card. We just paid off a smaller Chase card with our tax refund ($1006). Our min payments on the big one are $386/mo. We are currently paying out $2000/mo in minimums on a dozen cards. Although we are in the beginning stages of debt settlement (we're only a few days late on one card so far), we were hoping to hold off on the big one for a few months so we could try settlement on it last. Hubby just called to speak to them about a hardship program and they flat refused when they found out what we made vs what we owe.

Hi, I am new and have done a lot of research for debt settlement. I am going to go ahead and try to settle the debts my self with the creditors. I have read alot of to send sample letters. Where are the sample letters and I thought it was always better for them to contact you first. is this right? or do you send a letter first?

I have been in talks with Progressive Debt Relief about consolidating PDLs...anyone use them successfully? Also- I was told by my bank to send out a letter to my internet PDLs to revoke the right to ACH funds. Now should I just type that out or use the form letter I've seen posted on here. Also, how often do funds get drafted after this letter is sent? I'm trying to avoid closing my account if at all possible. The bank said I could dispute any transactions over and above what they were supposed to taike out. I am really at the end of my rope here and don't know what to do.

over 3 yrs past due ... bal @ time of default was 4500 now they say i owe almost 11,000 i need to resolve NOW (i only have 2 wks) ADVICE QUICK

I want to try to settle some old accounts. What is an appropriate and reasonable amount to offer them to settle as paid in full and what should I write to them? Also how can I go about asking that paid collection items get deleted from my credit account from the reporting company? Lastly, I submitted a dispute to several items with Equifax on 01/28/2009, they still show my dispute as pending. What should I do know. I understand that after 30 days you can have these items taken off. Thanks for your help.

Long story short...my husband lost his job in August after violating a new policy at his workplace. They could have given him a warning, but I guess this was a great way to get rid of someone who was making alot of money. He filed for unemployment and it was granted until the employee filed an appeal. The process took months and now they say we have to pay all the unemployment back...$7,000. We have decided to file bk. Can we list this amount owed to the State on our bk?

Do they still print your name in the newspaper when you file for bankruptcy? Also, can you do your credit counseling online?

I'm interested in advice from anybody that's had experience w/chapter 13, or knows alot about it. Sorry if lengthy. I'll paint scenario then ask question last. Wife & I have talked w/Lawyer considering filing chapter 13. Most of 'My' debt is in good standing. Most our debt is fom my wifes past C.Cards along with taking 2nd mortgage cpl yrs ago to consolidate... didn't work.

I live in Texas, does any one know if the are legal in Texas??