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Southwest Missouri | The problem is that many people get in over their heads. Was it wise? Well, no. But it happens.
People have $1,000 a month income to service $2,000 a month of debts. Agency A says that they will negotiate a lower rate, so that your $1,000 will service monthly debt and, by the way, pay our fee.
Desperate people will jump at that chance.
Creditors will sometimes take a lower amount, because some is better than nothing. Just be real careful with whom you deal. Don't send that $1,000 a month for several months only to find that it has not gone to reduce your debt.
There are good people and bad people in the debt relief field.
Edited by Greg Stremel 1/14/2010 14:34
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Debt help groups...repost from Boiler Room
