I was referred to you by the ARAG group. My wife has $13000 in credit card debt. she is unemployed. We are in a rough spot but things should get better March 1st, 2009.
Is there anything you can do to help consolidate our payments to lower them and help pay the cards off faster?and if so can the first payment be due march 1st?
From what you have described, a credit counseling or debt management plan might be an appropriate solution to allow you to get back on track. However, without any income coming in, no experienced debt management plan is going to contact creditors until they get the first monthly payment from you.
If you can’t afford to start paying till some time in March, then there is little that can be done now, except to deal with the collection pressure that will soon come. See “How to Hide From Debt Collection, the Debt Collector, and Creditors” for some tips.
The only possible option for lowering your balances is going to involve some type of debt settlement. Again, that is not going to be a possibility until some income comes rolling in. In the meantime while you wait for March to arrive, I would go ahead and contact the debt management company now and get some specific information about the terms and reductions available, click here.