I have a 48,000 credit card debt and I am seriously thinking about enrolling in Money Mangagement International Debt Management program. I understand that I would be debt free in about 5 years. I am to make my monjthly deposits and they would represent me with my creditors. Are they completly legitimate? I am uneasy about this and any other company, but I need assistance. What can you tell me about MMI.
Should I go this route and death occurs before I am able to finish the proposed program, will my family be liable to finish the terms of the agreement. I alone am the card holder. Will they use my assets to collect payments owed? Will the account be written off as a loss to creditors.
What are the down sides, if any, to using a debt management plan.
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