Ready to wave the white flag and do debt settlement
Well, after years of stupid moves (basically just buying crap I couldn't afford on credit cards), I really think it's time to enter debt settlement with a serious quickness. I will end up doing it, just because it seems to be the only way out, but I have two concerns. First, for every one positive thing I hear about debt settlement, there seem to be 3 or 4 nay sayers that pop up and have negative comments to make about it. Secondly, I am a bit skeptical about the debt settlement company's ability to keep the credit card companies at bay. They say not to worry, but it will still be left up to the credit card companies of whether or not to press criminal charges. I bounced some ideas off of a couple of individuals recently about the possibility of entering debt settlement. They were not too helpful. The first was someone who, outside of a car payment, has never really owed on anything. Has never even applied for a credit card and has always had everything they ever wanted. So, I get the feeling that they really don't understand given that they "don't believe in credit cards" and therefore have never been faced with the problem that I am currently faced with. Then, I got a second opinion, so to speak, from someone who actually has had credit card debt, and they gave me a real smart answer to the effect of "here's a can't miss way to pay off your debt and never look back". "When you get a paycheck, put money towards your debt". "Repeat that step each time you receive a paycheck". That was followed with a giggle and a "oh my, we have another slacker looking for the old get out of jail free card, ha ha". So, that didn't work either. So, any advice on entering debt settlement from anyone who has actually owned a credit card at one point or another would be greatly appreciated. Seriously, I can appreciate someone's anti credit card belief, but if you're one of those types, please don't reply.