My name is Crystal. I accidentally find your website, and feel it offer very helpful information about debts. I have five credit cards, Chase-19%, Macy’s Visa and Revolving-24.50%, two American Express were 12.24% and 16.24%. I am been paying for three years, but interests get higher and higher each year. After three years, my balances still the same. I was trying to pay more than minimum which about $700-$1,000 totally each month. However, this left me no cash for rest of month.
Macy’s is behind the payment for three months now. I tried to talk to my creditors for better advise and low interest. American Express dropped 1% interest rate. Chase didn’t give me any chance to talk to them and Macy’s give option to close the account.
I calculated all the debt. I owe about $20,000 credit card debts. If I only pay minimum, I have to pay 16 years, and interest will be $16,000. If I double my payment each month, I don’t have such money.
I found “Fast Track Debt Relief” company online. They said they only charge one fee is 15% of my total debt. They help me reduce 45% of amount. I only have to pay less than $500 each month for all my credit card payments. Still, I will debt free in three years. They also tell me all my money will go to a trust fund. However, first three payments will consider as service fee in the trust fund. There are so many scams. Even though, I read many article about how to find a good settlement company, I still worry I would put myself in a worse situation.
For my situation, What should I do better to get rid of my debts? Should I ask help from settlement company to put all my payment into one?How do I find a good company or agency to help me? Is “Fast Track Debt Relief” company reliable? What kind of questions should I ask them? What document should I ask them to sent to me? Is fine to let them sent documents through Email, or request for mail documents?
I am sorry to ask you so many questions. After I read many pro and con article about these companies, I am very scare the company I choose would put me into a worse place.
Thank you so much for your help.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.Should I Go With Fast Track Debt Relief? I'm Scared. - Crystal by Steve Rhode