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More debt than income qualify for debt reduction service?

September 29th, 2009 mortgage Leave a comment Go to comments

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.

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

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  1. myraxellenxamos
    September 29th, 2009 at 01:07 | #1
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    Im pretty sure to qualify for any service you have to have more than $5,000 in debt.
    References :

  2. craftgirl_2005
    September 29th, 2009 at 01:24 | #2
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    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.
    References :

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