Quick question...

You will be able to catch up your payments through credit counseling. The consolidation company will lower down the existing interest rates with your creditors and waive off the fees.

Since you will be already behind in your payments by three months, you can look towards debt settlement on that point and have the total debt negotiated into half. Talk to different settlement companies and figure out the best options that you may have.

Thanks Mcranberra,

Yes, I'm talking to about 5 companies now..
Forgetadebt ( they do both settlement and consolidation) and Superior (settlement)

Also Hoffman, Brinker & Roberts, freedomdebt, credit couseling usa, and hess smthing...

I liked forgetadebt respresentative a lot... Very helpful guy. Still their fees are not performance based, as I've read somewhere in the forum.

Superior debt lady was very helpful too.

freedom debt guy was kinda pushy with faxing him statements right away.

Update all soon

Interesting. What about the actual settlement programs? Some people find one program to be better than the other for this or that reason. Are they all similar or does one stand out? Does the method of one make you feel more comfortable? I'm sure this is a question that EVERYONE looking for settlement is trying to answer.

You mentioned that the reps have been pretty decent (except for freedom), does one stand out as the go to person for help regardless of whether or not you join their program?
It seems like people are looking for somebody smart to talk to about these things who knows it inside and out. Do you get the impression that one or two of them will definitely point a person in the right direction?

great start so far.
J

Whatever company you decide to go through, be sure and check their record out with the BBB. There are companies that scam people when it comes to consolidation and settlement, too. Good Luck..Karen

bump, good discussion.