Anybody know anything about debt elimination companies?

Question

I am interested in hearing from anyone who has used this service or know anything about them. I am looking into Creditsolutions.com

Answer 1

http://www.nohasslebargains.com/loan/id8.html
Debt Consolidation
Financial Services

Answer 2

Hi!
I have used this credit service for about 5 years now with various credit cards from before I was married until when my husband was laid off and we couldn't make payments. They set up an amount after they talk with your creditors and you pay the debt elimination company and then they pay your credit card company. I had 3 cards on their at once one time and I had to pay a monthly service charge to the debt company $10. It's a non profit orginization. The credit card companies still send you a statement every month showing your payments ect. But you will have to close the accounts. Here's the website..http://www.familycredit.org/?source=google They get the finance charges alot lower than if you just deal with the cc companies themselves. This is how you are able to get out of debt quicker! Hope this helps you.

Answer 3

Three Suggestions 1) Consolidate your debts 2) File bankruptcy (bankruptcy is not advised for

all cases) 3) Contact a credit counselor:


Ways to Consolidate Debt
http://www.debt-explained.com/category/Ways-to-Consolidate-Debt.html


How to Avoid Bankruptcy Explained
http://www.debt-explained.com/category/How-to-Avoid-Bankruptcy-Explained.html

Credit Counseling Programs
http://www.complete-debt-info.com/category/Credit-Counseling-Programs.html

Answer 4

They're all a scam. They charge you money and you just get deeper in debt. THE ONLY way to eliminate debts is to pay your debts. Don't be stupid.

Answer 5

Lots of info here.

Answer 6

I don't know if you are in the UK, but if you are you should checkout these two websites first:

http://www.nationaldebtline.co.uk/

http://www.debthelpuk.co.uk/index.htm

Answer 7

How about bankrupcy?