“Dear Steve,
My wife is only 34 years old and she had 17 surgeries on her kidney before they finally removed it. Due to all of the surgeries they casued a lot of nerve damage that has made her to go and has tried to find a pain management doctor that is looking to fix the problem and not just hand out medication. Five months after that they notice a nodle on her thyroid. When they went in to remove it they noticed it was covered and they had to remove the whole thing. She has seen 5 doctors that deal in this area because there is not a set way to regulate someones body who has had their thyroid remove. The tyroid regulates so many things that if they are unable to figure it out, many problem can occur. She has been unable to work. She has one semester to get her college degree and and she had to drop out three different times because of surgeries and complications from the surgeries.
I worked for coca cola for 10.5 years. The last 5 years they would change the way we were paid every year. The last year I was there, I hit all of my bonus money(I did not the year before)and I made almost $9,000 less. New management came in and decide to make everyone in the sales department reinterview for their job. The goal was to replace 75% of the sales force. I did receive a 6 month severence package. In the first 3 months I was unable to find a job.
I decided to open my own insurance agency. The bad part is that it is not easy to make it through their 2 year program(only 3% make it) and was very difficult financially. I am a business owner and it will definitly pay start paying off financially in a big way in a couple of more years.
Between doctor bills and regular bills and food the balance on my credit card was maxed out before I knew it. One for $17k and one for around $5k. Before this I always carried a zero dollar bonus.
I did sign up with Global Client Solutions. Are they a good company to be with?
Is this better than filing bankruptcy?
Is Global Client Solutions and Note World the same company? The company who takes my payment (Note World) gets $45 every month from my payment. Less than half of my payment goes toward my account. Do both of these seem high or is it very standard in this industry?
I did receive a summons to appear in court for one of my credit cards. What should I do?
Todd”
Dear Todd,
First off, I’m sorry to hear about the medical and employment struggles. It has to be a tough experience and my hats off to you for continuing the fight.
Your statement that you are considering Global Client Solutions instead of NoteWorld brings up a bigger issue. Both of those companies are not debt relief companies, or at least they like to claim so. They state they are independent third-party arms length payment escrow companies and have nothing to do with the debt relief services you are apparently receiving.
But many people get confused about that and Global Client Solutions right now is fighting legal battles in various state class action cases in which it was claimed they played a bigger role.
Based on what you’ve shared so far I don’t see the value in pursuing a debt repayment strategy at a time when there is so much other stuff going on. It seems there is not much of an expectation you will be able to dig yourself out of this hole without more meaningful intervention.
And since you already have NoteWorld taking money each month it looks like someone might have sold you on a debt relief program already. We need to evaluate that.
The first step would be to look at bankruptcy. You can talk to a local bankruptcy attorney to get information and not with the intention of filing. Bankruptcy would certainly stop the lawsuits and possible judgments against you. But before you make any choices, let’s get you armed with the facts of what bankruptcy would mean for you.
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
Right now I need to for to start using your daily energy looking forward to create a safer future for you and your wife, and not wasting that energy trying to repair the past.
Go meet with the bankruptcy attorney and then come back and update me in the comments on how that went and if you think bankruptcy makes sense for you.
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.
Do you have a question you'd like to ask me for free? Go ahead and click here.
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