rstlawre

There are tons of web sites and companies that offer to help you pay down your credit card debt but, it's been my experience they are in it just for the money and have absolutely no clout with your creditors. My case as an example is that I signed up with a "law firm" (which was recommended to me by a co-worker) on line. This law firm is based in California and I later found out is just a bank of operators that switch you from person to person that supply no solid answers. While it seemed a good idea and perfectly logical at the time little did I know (shame on me) that all they provided was a letter to my creditors (on their letterhead) stating I was working with them and trying to pay down my debt. Long story short, one year and $1700 dollars later I realized that not one of my creditors had received a single dime of the $1700. Again shame on me. I was eventually brought to court on several occasions by the creditors and found them to be somewhat sympathectic however they wanted their money and wanted it NOW. After discussing the entire mess with a reputable attorney, bankruptsy was my only option. My debts were discharged in October of 08. I was able to obtain one credit card (on the advise of my attorney) with a limit of $200. I plan to use it wisely and pay it off each month. My score is now at 640 and I have set forth a monthly budget which includes savings. My advise to anyone who is thinking about working with a so called "debt eliminator" is DON'T DO IT. For a small consultation fee (usually around $50-$100) you can consult with a reputable attorney and get some very sound advise. Once you go through a bankruptsy you will never want to go through it again. I hope this story helps someone.