Has anyone ever used edebt.com or any other sites for low debt relief? Suggestions accepted..?
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Answer:
Debt settlement is NOT the way to go. Not only are you not paying your creditors, but while they are waiting for the settlement company to collect enough to settle, the creditos have the right to sue you and cause you Major embarassment. You need a company like consumer debt management. freedompoint.com will collect a certain amount of moeny each month from you and distribute to all your creditors based on a monthly amount that is agreed upon. This is immediate and most of the time, interest rates are drastically reduced.
Here is a article written by the Federal Trade Commission that can help you wih your debt relief.
These companies just cut through the red tape. Contact your creditors and negotiate directly, this is free and it is your best bet for success.
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