Has anyone have luck near debt settlement companies for credit card debt? I am in Ohio and do not want to report chapter 13.

I am in Ohio and do not want to report chapter 13. Looking to make settlement to credit cards. I am looking for reputation companies that do credit card settlement. What do these companies charge. 50,000 surrounded by credit card debt at 23% apr. Try Consumer Credit Counseling, I don't know if you hold them in your nouns but they are pretty good. Also look it up online, if they are going to charge you life-size amounts of money don't use them go next to someone that will help you for free.

your best bet it to deal beside the credit card companies or the collection agencies directly. You can settle for less than what you owe and pay packet on a monthly basis. If you concord with the credit card compnies, product sure to get something within writing with them stating once the debt is adjectives paid past its sell-by date, the account will not be manifest negative on your report. Many collection agencies will dispense you the letter as such surrounded by order to collect the debt. Debt consolidation could work but produce sure to ask them how it will affect your credit once the proposed amount is paid past its sell-by date. You dont want to have cynical marks on your credit while you enjoy paid sour the debt. 50k of credit card debt is a lot. Depending on how much interest you hold paid, you may closing up paying only the prinicipal amount but that would niggardly a lot of haggle.

Answers: Mom;

Sorry to hear about our situation.

Based on what you hold revealed, it sounds as though you are a candidate for debt settlement. The reality that you have access to money right very soon in command to settle your debts is a positive thing and will clearly speed up the process.

Here is one tip that I offer to my reader at my website with regard to choosing a debt settlement company. Make sure you deal next to a large company that negotiate on behalf of many individuals with duplicate credit card companies.

Why you ask?

Instead of negotiating near your credit card card company(s) to reduce basically your $50,000, they will "pool" your debt with other people's debt and negotiate a much larger stability, sometimes well over $1 million. This give them a greater amount of clout and will/should ultimately reduce the amount that you will hold to pay your creditors to settle our debt.

A downside of debt settlement is that it will enjoy a very denial affect on your credit. Keep that in mind.

Here is the company that I recommend for debt settlement ( http://www.curadebt.com/a/1602/ ) and I verified that they will work near you in Ohio.

Best of luck Mom.

If you would approaching further information on debt settlement and/or your other options please drop by my debt information site, http://www.debt-elimination-guide.com

You might resembling to try this site, a friend of mine recently visit it out of the blue and found the services in it to be positively helpful so I'm showing this to you: http://www.freewebs.com/jamescelt/ I am a former Financial Counselor (debt and credit); I used to work for an extremely reputable company called Consumer Credit Counseling Services. At that time, the counseling services be free and there be no fees. Since then, Money Management International merged near CCCS. MMI has a wonderful and flawless reputation (no fraud, etc. Check the BBB) They are literally competent to pull you out of your collapse option (which is better for your credit). MMI/ CCCS already established relations near all crucial credit card companies and department stores almost 20 years (basically, all revolving credit). Having such a long permanent status relationships with these companies, they will knock out overlimit fees and belated fees; plus, they are able to lower your interest rates, and so enabling you to whittle away at your overall balance. With regular monthly payments (which is the Absolute Key with any of these programs) you will in truth be able to see the results of your total debt go together decreasing with respectively payment you generate. I believe there is a charge once you decide to tie together The Plan; but all counseling sessions are free. They also hold budgeting, retirement/ financial and mortgage counseling. For more information, you can look on-line at moneymanagementinternational.com.
Call them. They will schedule an appointment for you to speak near a Certified Financial Counselor (NFCC). They will be able to assistance you and answer any and all question you may have.
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