Or is bankruptcy the only option? We dont want to do that but is there a debt reduction company we can use to get those bills paid off instead? Thanks in advance.
21-Dec-2009
Or is bankruptcy the only option? We dont want to do that but is there a debt reduction company we can use to get those bills paid off instead? Thanks in advance.
Im pretty sure to qualify for any service you have to have more than $5,000 in debt.
My, cousin just filed for bankruptcy,I found out that you do pay them back-eventually. She pays 50. . 00 a month (what her lawyer fiqured she could afford,) it`s put into a trust fund, when it gets big enough they contact a credit card & offer them an amount to pay in full. Sounds a lot like those dept reduction services, it `s not supposed to hurt her credit history eighter. I would really investigate both angles. I personally wonder who I would trust with my money more-a lawyer or service. She also keeps her house & car, but cannot sell them.