Where to start?????

Welcome!

First, you need to budget your finances. See where you can cut back on any luxuries. Right now you are robbing peter to pay paul. Only spend where necessary.

Next, you need to plan to pay off your debt. Get debt counseling. Once you decide on the best plan of action for your situation, its time to put that plan into action and stick with it. You will be able to become debt free if you make it a priority.

There are definately alternative options to bankruptcy!

A brief breakdown of some options and the negatives and positives of each:

1. Consumer credit counseling -
negative: Very harsh blow on credit, takes 5-7 years, still pay interest, small payment reduction

positive:Get out of debt sooner than the route you are currently on and creditors harrassment ceases in most cases, fees absorbed by credit card companies and passed on to you through interest.

2. debt settlement
negative: fee involved 12-18% of total balance, affects credit report temporarily and then heals itself as creditors are satisfied, be sure to go with legitimate company where you can track your savings and where it goes.

Positives: Cut your monthly payments usually by 50%, Save approx. 40-70% overall including fees, get out of debt in as little as 12 months to 48 months, creditor harrassment ceases in most cases.

If you are a do-it-yourself-er, then the there are many good ideas in the Do It Yourself portion of this website. Just like anything out there, car repairs, divorce lawsuits, plumbing...we can all do it ourselves with enough research. But, most consult professionals that have the expertise in a particular area.

There are alot of credible companies out there and there are alot of companies jumping on the bandwagon like we witnessed in the mortgage industry. Find a reputable, service driven company that is strictly regulated by TASC and in compliance with all state and federal laws. Also look for a back-office in which you can always keep track of all transactions. Customer Service and client communication is most important when resolving your debt. Be sure they offer COUNSELING and that they have consumer education as well.

With Debt Settlement, your monthly payments can be reduced upwards 50% of what you pay now. This can offer you immediate relief. You will save anywhere from 40-70% (we average 50%) on your total debt even with fees if applicable. You can be debt free in as little as one year (not as much savings on monthly payments) but most programs are completed in 36-42 months. Do not let fees for services sway your decision. If the bottom line saves you more money, go with that program. There are many Non-Profit organizations out there that are super shady as with any industry. Many of these organizations claim they do not charge you fees, but they still charge you interest! That is because they work in conjunction with the credit card industry. You will definately pay more in interest and your balances will be paid in full as well. You are definately a perfect candidate for debt settlement.

Hope this helps with your situation and the decisions before you. I can help anytime.

Kindest Regards,

Sandra

My opinion is to attempt to contact your creditors and work something out with them. I've had experience with a non-profit credit counseling Service in the past with GREAT results. It is possible to work things out yourself instead of paying someone else to do it. :)

yeah ,...u can go for non profit credit counselling service