What Debt Relief Company Can I Trust? – Dana

“Dear Steve,

Credit card debt of 30,000.00 and 3 accounts are delinquent…..don’t want to ruin my husbands credit by getting into a debt relief company, he also is in debt for 30,000.00 no delinquencies…..

I hope u can help me find a company to pay off my debt and be free of it, non profit organizations monthly payment is to high. I feel the only way out is a debt relief company but they want me to stop paying my cards and they will pay them when they accumulate enough money, but in the mean time they can sue us and garnish my husbands paycheck.

And I am afraid to go bankrupt.

Do you have any ideas or any good debt companies?

We can not remortgage because there is not enough equity in our home. Feel like there is no way out. Credit card companies had no problem given me all this credit, now they won’t help and it seems like the government is just allowing these debt companies to take advantage of us, I don’t know who to trust, I made such bad decisions but I was use to living a certain way and everything just went south.

I sold real estate for awhile then that just stopped and my other job was cutting hair and we lost about half of our clients because of the economy. Any advice would be greatly appreciated.

Thank you


Using this picture just because I've never used it before.
I’m using this picture just because I’ve never used it before.

Dear Dana,

You said you are afraid to go bankrupt, but why? It sounds more like fear of the unknown rather than a response based on the facts.

What we need is a solution that is based on math, not emotion, and that achieves the goals. Debt for the most part is a math problem wrapped in emotion and I need to help you get better educated about your situation and options to you can make an informed decision about how to tackle your situation and peal back the assumptions.

See also  Credit Counseling and Debt Settlement Failed But I Do Not Want to Declare Bankruptcy. - Sue

I’ve pasted a bunch of links for you below to help you better understand what bankruptcy really means.

The better approach would be to examine your entire household financial situation and come up with a solution that meets the reality of your situation.

Just because your husband is not behind does not mean his debts, when added with yours, are affordable and manageable.

And if he’s not helping out paying your bills, why?

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.

Bonus Video Answer


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


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Damon Day - Pro Debt Coach

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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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1 thought on “What Debt Relief Company Can I Trust? – Dana”

  1. Thank you for your quick response. I will follow up on all the information you have provided. I do want to be clear about my husband he is in 20,000.00 Credit card debt. He is having difficulties too keeping up with credit cards, mortgage payments, car payments, household bills and tuition. We are both looking to get help. Thank you again for taking out the time to educate us.


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