Debt Reduction- Advice On Credit Card Debt Reduction, Debt Reduction Services, And Debt Reduction Plans

Camilla asked:


My husband and I have tons of credit card debt – $25,000. One of the cards is connected to our debit account and if we have a negative balance in our debit account it will transfer funds from the credit card. It has become a viscus circle. We cannot afford to make payments on our credit cards, but do so anyways by using our debit account, and when we have a negative balance the CC transfers money (happens 2-3 times a month). We own our home, but have been trying to sell it for the last 6 months with no luck. We cannot afford to make the mortgage payments any more. We are not late on any payments (CC or Mortgage), but we are running out of credit card funds to make our bills. We are basically paying our CC bills with the same CC we’re making the payment on…

We need to do something fast. Is debt reduction agencies a good way to go? Any advice on what would be a good one. Have you been in the same situation but got out alive? Please help!
Billie H: Your answer was very helpful……NOOOOOOOOOOT like Borat would say.

Cindy Greenough

redheadedstepchild asked:


Is it really possible to reduce ALL debt? Or to obtain a REAL personal consolidation LOAN without having a large amount of home equity?

I am already in a Debt Management Program, that does not leave me enough money to even put gas in my car or food on the table. I am still searching for another full-time job in addition to the 8-10 hours a day I already work.

Adolfo Finders

catlovesme asked:


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.

Jennifer