I have 3 credit cards with large debt & considering debt consolidation-concerned about payment amounts.?
Question:
In your experience have Debt Management Companies been able to set up a Debt Management Program with these 3 creditors? Have the creditors been willing to work with a Debt Management Company?
I'd call the companies myself, but I hear they are horrible to deal with & never negociate lower payments & now I'm a month behind-so I'm sure they won't want to even talk to me!
Answer:
Absolutely call the credit card companies and see what kind of plan you can work out. Those debt management companies basically do the same thing, call your companies and get them to start a plan for you, and then charge you on top of the interest payments.
The credit card companies want to get paid back... they have entire collections departments specializing in getting their money. They would much rather work something out with you directly over sending it to collections because it just means more paperwork and more wasted time for them.
Just give it a try with the card companies first, and if you get shot down, then maybe turn to the debt consolidators as your backup.
call the companies, they do have plans that you may qualify for. and get their plan in writing. they may be able to reduce your interest and fees for a set time, helping you pay them off.
Do NOT get involved with a debt management company. They will take your money and give nothing in return. THEY ARE RIP OFFS!!! They do nothing you cant do yourself.
Call each of the creditors... they WILL work out a plan with you.
Try to visit " http://www.debtsawareness.com " to find out more details before you act. All the best.
Hi,
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There is a great place to go with this. I was in a very similar situation.
This is getting help from real people without the use of banks or credit card companies. Good Luck!
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A good company can set all of that up. Check out this site for more information and sources to help you out of this situation.
http://debt.123thebest.info
Hope it all works out.
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