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

Ivan Drago asked:


Creditors told me that if i can’t pay them bills they said that the will discharge me as a bad debt and they told me that it will look as bad as a felony and no Professional jobs will hire me even if i filed bankruptcy, i am enrolled in college working on criminal justice degree and then getting certified in for p.o.s.t certificate am i wasting time and gi.bill? The reason i couldn’t pay my credit cards is because i got cut in a military troop reduction, i don’t make as much as i use to as being full time student and work part time in a restraunt i can’t afford to pay on my credit cards.

Lon Ko

life-suck asked:


I signed up with a debt consolidation company to handle my unsecured debts. I have been with them now since April 08. I got a phone call today from them saying one of my creditors is asking for a settlement and that they want to be paid within a year. So now, the debt consol company is asking me if I can come up with the money to settle with the creditor. And this is,on top of the money that I agreed to pay the debt consol. co. every month for the next 4 yrs. Isn’t the debt consol co. suppose to negotiate for me? I wasn’t even given any sort of reduction on the amount of the debt. I did the math and I can’t afford the payment plan that the creditor supposedly want.
What should I do?
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Mahalia Kirschman