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

“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.

Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.

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.

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.
Steve Rhode
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