I am 30,000 in debt a company wants to get rid of it for 800 will my debt be completely gone after paying?

Answer 1

Chances are that the only thing that will be "completely gone" is your $800. They may or may not negotiate a settlement. But more likely they will just trash your credit even more.

Answer 2

You don't need anyone to do it for you. All they do is negotiate your debts for you and collect a fee. You can do it yourself!

Call all of them and work out a payment plan and try to get your interest lowered or stopped.

Then, make the minimum payments on every one of them. On the lowest dollar value, put all your extra effort toward paying it off. Once it is paid off, then roll that extra money to the next largest balance. Continue this snowball until all your debts are paid off.

You proabbly need to cut your expenses back to the bare minimum. Get rid of cable, cell phones, internet, etc. Lower your electric bill, gas bill, water bill, etc. Don't eat at a restaurant until your debts are under control.

Try to increase your income by getting a second job. If you have a car with payments, get rid of it, and buy a good dependable used car for CASH.

Go to the library and get "The Total Money Makeover". Read it and follwo it carefully.

Go check out Dave's website as well.

www.daveramsey.com

Answer 3

THIS IS A SCAM... the only thing that will be gone is your 800 bucks.

Answer 4

Don't fall for it ITS A FRAUD, don't give any money, just hang up the phone