How do I get rid of debt?

Well, first off---let me say that you are better off than some people who end up here. You and your spouse have jobs and a savings to assist you. So, if you need free debt help, you can at least use your savings to pay a part of your dues, if not the entire amount you owe. Many of those who end up on here are at the end of their rope or out of work or even worse. Even so, I know that isn't solving your problem.

Other members will post their thoughts on how to get debt help and advice and until they do, let me tell you something to do in the meantime. Do a search of this site of Superior debt solutions (search box at top) and its debt help online services. More than likely someone has heard of it and you can read opinions and postings about it. Good luck!

I would either take the 20k and pay off the cars or sell the cars and buy cheaper ones with cash. You might be able to get a couple ok cars for around 5k each which would leave you with 10k saved instead of 2k. After that you have to decide if you want to wreck your credit assuming you can stay afloat paying minimums otherwise your credit will be wrecked anyway.

so are you thinking of making monthly payments to the debt help online company or using your savings?

I would pay off the cars first. That should free up money each month so you can better afford a 36 month settlement program or less so that your risks of law suit are much lower.

Do not mistake Superior debt solutions with Superior debt relief .
Superior Solutions also goes by the name Nationwide Support Services, Inc. They have and F rating with the BBB.

I would shop with some other debt help or settlement companies like New Beginnings debt settlement LLC , or Superior Relief , Century Negotiations , Roll Law Office , and Oak View Law. These are a few companies that have excellent reputations with the BBB. When shopping with debt help online companies always check them out with the BBB to see if they have a good track record in providing help with debt.

Paying your cars off is an excellent idea. Joining a settlement program may not be. Your fees for joining this debt help program will be rather high, you are better off negotiating those accounts yourself, since you will have some freed up money after you pay your cars why not use that money to pay some of your creditors. Call your creditors and explain your situation and negotiate to lower your interest rates if this does not work try speaking to a consolidation company, try Garden State Consumer credit counseling, I????m sure whatever state you live in htey are registered to do business there.

Whatever you do settlement should be your last choice due to the fees you will be charged simply for them to do the same thing you can do if you have some extra time and energy to settle your own accounts.

i agree with everyone,deal with the cars first.the student loans you have to pay back.i would try rehabing those.then you can work on the credit cards.no matter what avenue you choose it will take time.just reasearch and go with what you feel most comfortable with.keep us posted.

And you have probably thought of this, but I would not completely deplete the savings.

I'm with Superior Debt Services, almost done with paying my bill. Agreed with everyone pay off what you can with some savings, but dont' use it all. Then be sure to go with a debt help online company that will meet your needs. For me, I chose to go with Superior as their credintials are in order and have enjoyed working with them. If you have the patience and time then you could do settlment yourself instead of going for debt help online services. When thinking of doing it myself, I thought it might be better to have someone else do it because they have more accounts with that creditor and could get a better price if negotiating all at one time. Anyway hope you find debt help and advice you are looking for.

Settle all your dues yourself instead of going for debt help online companies, and do not pay off the cars. Use that money to settle those accounts. You can always sell the cars - you cannot sell the unsecured bill. Cars are worthless to own. You can settle for 20-50% these days - most people like myself have to borrow that kind of money off friends and family. Good luck - stick to 20% as your goal!

melbenn---I believe there is another posting by someone on the boards that was wanting information on debt help services offered by Superior. Maybe if yo see it you can offer your opinions. Congratulations that you are almost done. Anything worth having takes effort.

Lorri, thank you I think I found it and responded. I am so excited that in a few months I'll be done and onto credit repair. Just in time to refinance.

Your story and experiences would be a very valuable contribution to this website. I encourage to visit often and answer questions or ask questions (if needed). Again, congratulations again!

Bogus loan spam deleted per ToS. - Uncle Wulf

BLL-

In my opinion not paying off the cars and paying the unsecured bill first is bad advice. The sale of a car is not affected by its payoff status like you state. You get the same amount of money regardless of the amount owed on the car but you are in a lot better postion if your secured assets are paid for. If you default on the bill then you lose a lot more if they take your car as opposed to taking nothing with the unsecured items. I do agree that the cars could be sold or downsized though but I would make sure they were paid for no matter which avenue the OP takes.

Mel-ben is a plant like melben1. Superior debt help services is a SCAM. Or that peron is being scammed and doesn't know it. I'm sure this person is a plant by the company.

FUNNY MODS ALLOW A SHILL FROM SUPERIOR DEBT SERVICES TO POST HERE..

Six years ago my husband and I had very little debt. We started a business 5 years ago in the agriculture industry and at the time grants were being given like crazy to transition into this business from raising tobacco. We were told grants were given to those who already had the funding and the animals bought so we jumped on the bandwagon. We refinanced the small mortgage we had for a bigger one and also received unsecured financing. Needless to say the grants were not received and we were in debt after 3 years of applying for the grants. Thought we could manage and then the bottom fell out of the industry. Put most of the operating costs onto credit cards thinking things would turn around. Now we will be lucky to break even on the loans for start up. We are liquidating all the equipment and animals bought but are up to our necks in credit card debt and falling behind. I really don't care if they come get everything but I want to keep our home. I want to pay off all these loans and we have enough equity to do that and pay that payment by far problem is when I apply for a refi I get the same your credit is great and you have plenty of equity but your debt to income is too high. No Really? What is my best course of action? Please help. So confused to which way is best.