Tuesday, December 29th, 2009

More debt than income qualify for debt reduction service?

debt reduction
feline*love asked:


Or is bankruptcy the only option? We dont want to do that but is there a debt reduction company we can use to get those bills paid off instead? Thanks in advance.

This entry was posted on Tuesday, December 29th, 2009 at 12:00 am and is filed under debt reduction. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “More debt than income qualify for debt reduction service?”

myraxellenxamos Says:
December 31st, 2009 at 2:47 pm

Im pretty sure to qualify for any service you have to have more than $5,000 in debt.

craftgirl_2005 Says:
January 3rd, 2010 at 5:54 am

My, cousin just filed for bankruptcy,I found out that you do pay them back-eventually. She pays 50..00 a month (what her lawyer fiqured she could afford,) it`s put into a trust fund, when it gets big enough they contact a credit card & offer them an amount to pay in full.Sounds a lot like those dept reduction services, it `s not supposed to hurt her credit history eighter.I would really investigate both angles.I personally wonder who I would trust with my money more-a lawyer or service. She also keeps her house & car, but cannot sell them.

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