Ask The Get Out of Debt Experts Getting Out of Debt How To Get Out Of Debt

Should I Use Refinance Help at – David

Written by Steve Rhode

“Dear Steve,

I am 55 years old just lost my employment, and I have 15K in debt that I may not be able to pay soon.

Chapter 7 isn’t an option for another 2 years and with no employment neither is chapter 13.
Your Question(s)

Is it better to contact my creditors before or after I go into default to see if the will settle the debt by taking whatever cash I could scrap up?

Would it be better to retain an attorney to do the negoiations?

Or is it better to use companies like this?


Dear David,

The link you sent me resulted in this page. – Source

The page seems to be very similar to many from the past that are just lead generators. I fail to see what trick they claim can legally erase debt forever. The only debt relief intervention that can do that most commonly is bankruptcy.

If you are using savings to make payments but there isn’t an expectation you will be able to continue those payments, that’s an approach that is doomed to fail and leave you broke. In fact one could argue that it is better to stop paying and get sued for the debt and then address it with bankruptcy when you can.

The last public record of ownership for on June 13, 2011 listed the owner of the domain as:

Wayne Shirreffs
116 Belmont Ave
W. Babylon, NY 11704
[email protected]

The Refinance Help site also mentions John Morroni as a professional consultant there. – Source

I’m troubled by the Refinance Help site because I can’t find out any information about them to determine if they are legit or not. There is no mention about who the owner really is, where they are located, and if they are even licensed as a business.

Let’s start with the basics.

I’d suggest you first read How to Get Out of Debt. The Honest and Unvarnished Truth and The Truth About The Success Rates, Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, and Bankruptcy. They will give you a great overview of what we need to deal with to get you moving in the right direction.

Then use the free How to Get Out of Debt Calculator to review your options.

After that, come back here and comment about what seems to make the most sense and let’s discuss that.


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.

About the author

Steve Rhode

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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