I Was Thinking of Using Debt Options 123debtfree.com. – Karen

“Dear Steve,

I have 11000 in credit card debt. I am able to make the minimum payments. The minimun is 416 a month. After all other bills I am left with about 150 per month. I have looked into debt consoltdation companies but I am not sure which one I can trust. I am considering Debt Options( www.123bedebtfree.com). The problem is they can only save me about $50.00 a month which is not alot.

Do you know if Debt Options is a good company? Do you have any other suggestions for me besides bankrupty?


Dear Karen,

It appears that Debt Options operating at 123bedebtfree.com is The Credit Counseling Foundation. I was able to confirm that The Credit Counseling Foundation owns the domain name and the registered address of the domain name is the same as TCCF.

The Credit Counseling Foundation in Florida came up in a previous review I had written, Option One Financial Group Review. You might want to read through that review.

With $150 left after all other bills I’d be hard pressed to say that a debt consolidation or debt management plan is in your best interest at all. If you are cutting things that thin and you don’t have cash saved in an emergency fund and you are not currently saving money you have no business enrolling in a debt repayment plan that is most likely going to end unsuccessfully. See The Truth About The Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, and Bankruptcy.

What’s wrong with bankruptcy if it will eliminate your debt, help you to avoid collection activity and lawsuits?


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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Damon Day - Pro Debt Coach

See also  Option One Financial Group Review
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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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