Debt Elimination Companies

Whats a really good debt elimination companies out there ?

I contacted Debtamerica & The American Debt , but Iam not totally sold yet, maybe because Iam new to this, and any one who has experienced or is currently involved in this type of program that how it it works ? Please give me their website aswell thank you.

Public Comments

1. I worked for a debt mgmt company for 5 years. If you have great credit history then do NOT do it. After going through something like this, lenders will sometimes view it as a bankruptcy on your credit and won't touch you unless you have been on it for at least a year with on time pymts.
2. watch out- most of these programs are scams and will wreck your credit, and you'll still be paying a lot. go to: http://www.uscourts.gov/bankruptcycourts.html this is the us government's site for the federal bankrupcy court and there will be a link to a list of approved credit counseling agencies at the bottom of the bottom paragraph
3. www.dontbuyshityoudontneeddumbass.com
4. don't use them they are a scam. There is a ton of free help out there without these thieves diving into your already slim pocketbook I got a bookloot from the folks from the link below 16 years ago and followed the advice and got out of debt. Back then the web was not what it is today and I bought a 10 booklet that saved me thousands and thousands It was free and at a quick glance at the site it still is. Knowledge is power
5. There is no such thing as a debt elimination company. What they do is take a fee from you, and then default on your cards. Then they try to force the credit card company to settle for pennies on the dollar and the credit card company can tell them to go eat rocks and sue you. This leaves you with not only a lighter wallet after paying these morons, but a judgment and wage garnishment from your creditors. Sounds fabulous huh!?! If you want to get your credit back on track, find a not for profit credit counseling service. They will not charge you a dime, and will work out a budget for you and get your debt paid off in a matter of months or years. This will keep your credit somewhat intact and keep you from making things worse, and costing you a lot more in the end. These debt elimination people are not going to go and represent you in court when you get sued! They will bail on you!
6. Debt elimination companies can focus on different philosophies. Debt Management Companies (a.k.a. credit counseling) focus on negotiating new, lower payments towards full balance. Debt settlement companies focus on negotiating lower balances. The real key is to see which of these services you can realistically afford. To find out which one fits into your budget, you can complete a free Cash-FLOW Analysis at DebtFREE.com. It's a comprehensive personal financial evaluation that completely confidential, and totally free. When you've completed the analysis, it will point you towards a reputable company that can work with the payment you can afford to make each month.