Debt Negotiation Advice
are there any debt settlement companies that are legitimate?
I have several old debts at least three years old that have been put into collections...haven't been able to pay on any in years. Looking to pay off but cannot make very high monthly payments so the CCS seems like it wouldn't work since I have SO many creditors to work with and so little money. The credit counseling pays off the whole balance due which has been greatly increased unecessarily. Looking for some debt reduction and a monthly payment option. Is debt settlement right?
Public Comments
- take a look at this program. It might help. www.freefrommortgagedebt.com
- ya there are lot of legitimate companies . here is the one you can try http://tinyurl.com/46a9sb
- There are many legitimate debt settlement companies, but be sure to check the law firm behind them. The law firm is the most important part of the settlement process. http://netdebt.com has some good information on their site.
- Try using: http://DebtAnswersNow.com I used their service a couple months back and they consolidated all my debt and lowered my total debt about 25%.
- Credit Repair: Self Help May Be Best http://www.ftc.gov/bcp/conline/pubs/credit/repair.shtm The National Foundation for Credit Counseling http://www.nfcc.org/ Self Help Credit Union http://www.self-help.org/
- I think Freedom Debt Relief is the best company in the industry, they are on the Board of the industry association (TASC), are members of the BBB, are managed by graduates of Stanford Business School and manage over $1.5 billion in debts for 50,000 clients. They were reviewed very positively here: http://www.bills.com/freedomdebtrelief/
