I Make Too Much Money to Go Bankrupt So What About Debt Settlement?

“Dear Steve,

Married with 3 young kids, have a house (in home for 13 years), home equity, care lease and loan, and about 150K in unsecured credit card debt. Employed making $130K a year but cant’ keep up with the minimums.

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I’m reviewing debt settlement companies and looking for a reputable one. I found Consumer Recovery Network and they seemed the most honest with no upfront fees except their program registration. Fees come after settlement. The biggest hurdle I can’t get past now is actually stopping to make payments on the 8 accounts I have. I’ve been doing it so long, I’m scared of the default rates, penalties, fees, and overage charges. I guess I should just bite the bullet and do it? I make too much in NJ for bankruptcy and would like to avoid that altogether.

Jerry”

Dear Jerry,

I had the following questions that I’d like for you to answer before I can answer your question. #comment” rel=”bookmark” title=”Comments Link: “>offer advice in the comments section please feel free to participate.

Sincerely,

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.