Debt settlement or debt management

Hi Virgie ~

Are you current with all of your bills right now or have you fallen behind? debt settlement usually requires that you are a few months behind in payments ~ it pretty much means that the company is willing to take "something" rather than nothing. I don't think it's the best route to go if you can avoid it since you need to be delinquent in the first place...during that time you'll still get the collection calls and letters.

Have you tried talking to the creditors directly? Think about what you can really pay each month and talk with them about it. If the first person you talk to isn't receptive, try calling again so you can get someone else.

If you still want to consider working with any debt management/settlement company, it's extremely important that you do your research. There are way too many companies out there that will prey upon those who are in a desperate situation. Check out their websites, the BBB, google them and see what you can find. Take a look around this site as well ~ you'll read about the experiences others have had.

Thank you for your insight. I am current on most of them but it is getting harder and harder to pay even the minimum. Also I don't want to be making payments for the next 30 years. One creditor reduced my payment for 6 months but after that I have to go back to the high payment again. I just don't know what to do. It will require lots of thinking and research on my part I guess.

Thanks again.