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I Need Help Reducing My Credit Card Debt. – Norma

“Dear Steve,

I need help reducing my debt which is in credit cards only-approximately 50,000. Some of the credit cards are in my name only, some are in my husbands name and some are in both our names.

If I look to a credit relief organization, will the consolidation and relief impact my husband’s credit rating? Thanking you in advance.


Dear Norma,

Not knowing anything about the background of your situation I have to give you the generalist of advice.

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.

Once you’ve identified a company you want to work with, then follow my step-by-step guide on what you should look for and expect from a good debt relief company.

Please post your responses and follow-up messages to me on this in the comments section below.

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About Steve Rhode

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.
  • Norma

    Thanks so much! I’ve read the articles you’ve suggested and I still am uncertain how using a DMP organization would impact my husband’s credit rating. I dealt with a credit relief organization once before when I had to unexpectedly take a 66% decrease in my earnings and although, they were difficult to get in touch with (you were my salvation on that-you found a POC for me who was able to assist me with the actual forefront folks who were not helping me); I did complete the program and they were awesome. But from every indication I can find, it did severely impact my credit rating. I’m trying to find out if that is the norm when using a DMP. Does this offer better better background for you to assist me with my question? Thanking you in advance, Norma

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