CodingAway asked:


I want to start looking into the option of getting professional assistance to get out of debt. I’m not going to mention any numbers, but the debt my wife and I have accrued over the years is … well, staggering.

Anyway, I know some company’s are out to scam people, and I was wondering if their was any way to research various agencies?

I’m not sure of the term I am thinking of, but the types of companies that I am referring to give you an agent, then the agent negotiates deals with your credit lenders to lower interest rates, then they give you a flat fee to pay monthly and an estimated time of paying off your debt.

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Sergio Andrés asked:


By this I mean, how do other people open this kind of biz…just curious…!

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rpmichalak asked:


Going through a divorce, have a ton of debt (credit card, unfortunately) and can’t afford the monthly payments while paying for 2 residences (ex is currently not working). Which would have the least harmful effect on my credit: filing for Ch. 13 bankruptcy or contacting a Debt Relief Agency for help?

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gafami asked:


I’m concerned if I drop the debt relief service will my creditors (credit cards) APR sky rocket? Can I talk with my creditors after the fact of having a debt relief company to step in on my behalf. I guess I’m wanting to see what my options are???????

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