currently unemployed, spouse self employed but not consistant (construction) unsecured debt – approx. $11,500
what is the best way to relieve this debt? cannot afford payments from credit counseling (was previously in program) and just severed ties with debt settlement company- Lloyd, Ward & Assoc. who are nothing short of scam artists!!! Is there a reputable debt settlement/negotiation company out there?? please advise – thank you
If you are living on inconsistent income and can’t afford to repay your debt then the first solution to consider would be bankruptcy.
I think this article I recently wrote will help to put it all into context. Read The Honest and Unvarnished Truth About How to Get Out of Debt.
So I would suggest two courses of action.
- You can click here to find a local bankruptcy attorney and if you’d like a second opinion about your situation or a personal consultation by another debt coach, please feel free to contact Damon Day.
- If you want to pursue debt settlement then visit one of the AACC members who have pledged to put consumers first.
Please post your responses and follow-up messages to me on this in the comments section below.