Debt Consolidation Forums Debt Consolidation and Debt Settlement forums
Debt Management - what to do?
Wed, 08/06/2008 11:24
I need some sound advice, as I am scared and desperate. Due to a job loss and being unable to sell a home - I find myself in $75,000 of unsecured credit card debt. I am current on all my bills, but am only able to make minimum payments each month. At this rate, I am scared that I will never get out of this mess! I am considering debt management as a solution, but need some advice from anyone that has gone through it. The idea of stopping payments on my credit cards to let them go into collections to then settle on them feels terrible.
I have been speaking with State Capital Financial and Clear One debt solutions. Both have different approaches and I feel confused as to which one is the better alternative.
If anyone has any advice whatsoever, I would truly appreciate it. I need to figure out a solution. This debt has taken over my life. THANKS