Negotiate a Debt Settlement
I have entered debt settlement with a company. They are no help. What next?
what can i do now that debt settlement has only made matters worse with my credit card debt?
Public Comments
- Here is a reputable credit card counseling company http://ezconsolidation.com as they are registered with BBB. You can tell them that you are having such a problem you would like to consolidate your debt through them, so they can provide you with the best solution till your credit score gets improved.
- Aimee, You are not the first to enter a settlement agreement and fail to have the ability to carry it forward. Relax.....Take a deep breath. Remember that we have no debtor's prison in this country... The fact you were able to make a first settlement agreement means your creditor is aware your repayment abilitity is compromised. They have your credit history and likely know your debts, payment obligations and income at least as well as you do! Contact the creditor and in writing explain your income and obligations. Show them why you cannot pay as originally settled and scheduled... Let them know of your three options. (1) A new and real repayment agreement. BE REALISTIC NOT HOPEFUL NOR BOASTFUL... (2) a Court supervised repayment obligation plan (Chapter 13). Hint- You might fill out a Chapter 13 Plan to use to determine what might be reasonable for a new repayment plan; or (3) A Chapter 7 liquidation plan which likely hurts both of you. It releases you from most debt but you can do it only every seven years and during that time you have no protection. Make sure you have sufficient debt before selecting this route. By suffiicient I mean $50,000 to $100,000 minimum.This might be distasteful as well but it is your Constitutional right as much as freedom of Speech and right to religious freedom. Good Luck.
- Pay your bills..............you made them...........no free lunch
- Delicated design, resourceful information,user-friendly layout shall be a good solution to your question.http://debt-relief.expertips4u.info/consolidation-debt-loan.html
- Hi, I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It's legitimate.I came across this company on NBC News Special Edition.Check it out here: http://d6b0.easyurl.net
