Hmm, well I think because I cannot give you a reputable answer, the best option is to speak with a financial consultant at.

Depends on how much debt you have. I’m saving $500 a month right now though. Here’s the company I’m using:

Depending on your total debt amount, you can save upto $300 or more per month.

Here is the source of debt consolidation company named for your reference.

Well i owed about 4,000 in debt and now i currently pay $130 a month. The payment is divided up and dent to each credit card company. Yes it will take a lot longer but i could not afford to pay without the debt program. Your payment is usually flexible and determined by your monthly expenses and salary. When looking for programs make sure to do proper research. I have worked with 2 companies that were horrible. I am now with greenpath and i love them. They don’t harass you and ask you tons of questions about why you could not pay the bills. They understand and they are very attentive and they do what they say there going to do. I wish more people understood how hard it is to pay bills with unfortunate health but i hope i helped. Good luck!!

Hi,
I used “Credit Solution” to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It’s legitimate.I came across this company on NBC News Special Edition.Check it out here:

I don’t know if it will help clear it up faster, but I can tell you that after you use a debt mgmt. company that in the future creditors will look at it as a settlement and that it reflects on your credit standings as bad as a bankruptcy. I have also been told that a debt mgmt. company cannot do anything that you cannot do yourself as far as contacting your creditors and settling debts.

Pay off the cards but keep the accounts open. You earn points for having an account that is kept current (no payments more than 30 days late). This includes an account with a zero balance. A credit report will reference the account’s high balance and current balance. If any of your cards have a yearly fee, I’d go ahead and close those ones.

Is your husband back to work, or plans to be back to work shortly? That will be the main question to consider.

If your finances are not going to improve soon, then you are going to be living from month to month hoping that no disaster happens that will destroy your budget. You are in a race to get more income before that happens. In this economy that’s going to be a major battle.

What is it you are looking for in debt management? If you are looking for someone to lower your debt (debt settlement) that will hurt your credit score.

If you are looking for a way to consolidate your debts, that may help your current situation, but you are still going to be in a tight budget until you can find more income. All you are doing is buying time.

So lets look at TODAY. If you were to be placed on a DRASTIC budget, where you cut out all dining out, entertainment, no more cell phone or cable TV…how much money will you be have to pay down your debt?

It will take you over $700 to get out of debt within 5 years. Can you find that much money?

If not, it’s my opinion you consider filing BK. If you do not have a reasonable expectation of finding more income soon, you really don’t have any other choice. You can file BK and be out of debt and good credit within 4-5 years….or you can stay on the current road and battle for the next several years, and you may end up filing BK anyway.

Look around for a good non-profit credit counselor and discuss your options.

The Credit Counseling company will probably get you a better price in the long run because they will negotiate a lower rate than you can. But, you are being charged a very large amount of compounded interest on every dollar that you owe them for every Month that the amount is owed. Let Mom and Dad help IF the interest rate and terms are better than you are currently paying the credit card companies. And, if you can afford to pay all of your bills iccluding that payment. Remember that the credit counselor is making money on you, they will not always counsel you to your advantage.