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I personally went through a debt settlement company that negotiated my debts down. It worked really well for me. 17,000 reduced to around 8,000. but if you are comfortably paying your cards still its better you pay them off on your own, but if you cant pay them anymore this works well
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I think to control your credit debt now is simple.
- Stop spending - Note all your incoming/outcoming finances - Find other means of earning extra income If you follow these simple steps, your debt wont be a problem. |
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I have a good friend who owns a company that will negotiate your debt for a small %. If you only have $15K that's not bad. The average amount of unsecured debt a person will have that calls him is $40K. you may look into an option like that. His company will negotiate your total debt down to 50% most scenarios. I don't know the exact website, but if you google LibertyFinancialManagement it should come up. great guy to work with, very intelligent an good at what he does. hope this helps
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No, debt settlement can be a viable alternative to bankruptcy that does not require a court filing. Of course, just about anything a debt settlement company can do for you, you can do for yourself by calling the bank directly. But with $15,000 in debt like the original poster has, I would agree with the previous help. Make a tight budget, watch the money spent, pay it off by paying two or three times the minimum payment every month if possible, then don't use cards anymore.
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If you can't pay off your CC I recommend bankruptcy if possible. I strongly recommend against debt consolidations because they hurt your credit almost as bad as bankruptcy but you still end up paying your debt back so whats the point?
If you consult a good bankruptcy lawyer \ consultant, they can help you erase your unsecured debt, start fresh, and if you follow their guidelines after a couple years you can start applying for loans again. Since banks aren't really lending bankruptcy in my opinion is the best way to go. |
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