Help please. I am in debt for 950$

Hi iaf...

Welcome to the board.

Can you be more specific? What type of debt is this? Please tell us more about your situation, we'd be glad to help.

Hi

If I have understood correctly, you fear going your accounts to the collection agency if you don't do the payment to your creditor by 5th of next month.

Perhaps, you are not able to manage the payments with your creditors due to high interests and fees added in the total debt. You can take a free quote from the consultant. Know your options in the consolidation plan. If everything sounds well, get started in the program. You won't have to deal with the collection agency.

you owe only $950! I'm in debt for $90k! if the credit card company is saying they will turn it over to collections by the 5th......then they turn it over. Most of the time they scare the living heck out of you. Don't panic. for one thing most will allow you to settle the debt. On a amount that low, once they turn it over to collections just pay what you can and send a do not call letter out and then they won't bother you. tell them you want to deal strictly in writing and just send them what you can afford to send. then see if you can settle the balance for less.

Guest, I am happy reading your post with some good advice to the poster above. With $90K in debt, you haven't lost your confidence and positive thinking. I truly believe that you will come out of these debts without falling into the slimy tactics used by the CAs. Make sure that you check the SOL on each of these debt accounts before paying. Review the debt validated by the CA before you send your settlement offer. I wish you all the luck.

Don't get too worked up over your 950 dollar debt. Yes, it seems like a lot to you right now...but in the grand scheme of life it really is something small. And because it is small it is very workable when it comes to paying off. Definitely take advantage of the free counseling.