Debt Consolidation.?
I have between $ 11,000 and $ 12,000 worth of the debt, the three different credit cards. All card accounts credit has been sold to law firms. There is no way I could afford to do 3 different payments a month on them. What are my options? Should I go with one of those nonprofit organizations to consolidate my debt? I do not own a house or other property that could be used as collateral. I am sure that my credit is shot, so I'm open to all options.
The accounts are now in the hands of law firms, to call these companies directly and negotiate a monthly payment and interest rate. Ask how they calculate the interest in, such as daily, monthly, bimonthly, etc. Do not sign anything. Get Info profit-no credit counselors too. They want the money paid, pure and simple. Must be willing to go rock bottom on a monthly payment to avoid filing for Chapter 7 bankruptcy and end up with nothing.
Credit & Debt Consolidation : Non-profit Debt Consolidation
