I had a car repossessed and the balance after auction is $13,100 Its with A credit Union in IL, I also have a 10,000 credit card with same credit union.. I want to use debt settlement, but heard credit unions are impossible to deal with.. I am recently divorced and was layed off 5 months..
Can you recommend a great debt relief company who doesn’t take advantage of you for fees.. i would appreciate it
Yes sometimes Credit Unions can be difficult, sometimes they are just fine. More importantly trying to settle the debt at this moment, might not be the best move. What is the current status of your employment? Are you making payments on the credit card? Do you have any funds available to offer a settlement on either of these accounts at this time?
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In this situation, if we determine that it does make sense to try and settle the debt (assuming you have the funds to do so), rather than looking for a debt settlement program, it would be better for you to try and negotiate something directly with the creditor first. If it doesn’t work out then you can always hire someone if you feel the need, but it wouldn’t hurt to see if they are open to something first and save yourself some fees.
If you would like to set up a phone consultation with me, I can review your overall situation and let you know if you should even try to settle the debt right now. You might not be in a position to do so. If you are not, I will tell you what you are going to need to do and what options you have available based on your circumstances.
Damon is a talented independent debt coach that provides in-depth assistance and consultations for people struggling with debt. If you want a personal debt coach to help you through a difficult situation or want assistance to find secret discounts offered by debt settlement companies I think Damon Day is an excellent person to contact for advice and assistance. He can be reached directly at DamonDay.com
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