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my son is very far in the hole with debt. several

Date: Mon, 03/21/2011 - 13:39

Submitted by deb stewart
on Mon, 03/21/2011 - 13:39

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Total Replies: 3


my son is very far in the hole with debt. several of his credit cards have been sent to private attorneys, he also has one or two in collections. all he does is put out fires- those collectors who get to him first get whatever his paycheck affords. He obviously can not get a loan to pay off debtors. can this program help even him? he works full time and has started to work a second job.


I am guessing you are talking about debt consolidation program. Yes, this program can help your son to repay his credit card debts. Under this program, all his debt will be consolidated into a single monthly payment. He can get interest rate reduction. Moreover, the extra fees and penalties will be waived off. To know how hoe debt consolidation program can help your son to clear his debts, check out the following page:
http://www.debtconsolidationcare.com/program.html


lrhall41

Submitted by Good Nelly on Mon, 03/21/2011 - 20:43

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Another option is debt settlement. Reaching settlement agreements on these accounts would be the most affordable way to rid himself of this unsecured debt. If the accounts with the attorneys are large enough, he could run the risk of having a judgement filed against him. It may be a good idea to hire a debt settlement firm with attorneys on staff.


lrhall41

Submitted by Bill Shannon on Tue, 03/22/2011 - 10:14

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Another option is for your son to negotiate settlements on his own, this is what is called Do it Yourself Debt Settlement and it will not cost him a penny. he simply needs to deal directly with the lawyers and collectors himself. The money he saves from not paying a debt settlement program could go towards settlements on his accounts.


lrhall41

Submitted by pemperandgartle on Tue, 03/22/2011 - 13:08

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