topic Re: Non-Profit Debt Service in General Credit Topics

Non-Profit Debt Service

Anonymous — Mon, 06 Jul 2009 00:11:02 GMT

I am currently in some serious financial strain..I have 47K+ in unsecured debt..I am struggling a bit to pay off this debt..And to make the monthly payments.

Can someone recommend a reputable company to help with my situation?

Thanks,,

Re: Non-Profit Debt Service

marty56 — Tue, 07 Jul 2009 00:18:31 GMT

If you are inteerested in a Debt Management Plan (DMP), it will reduce the interest payments and elimiate OTL and late fees. it wont hurt you credit in the long run but you have to be able to afford the payments and the max time you can take to pay them off is 5 years.

I sent you a PM on the DMP company I used.

Re: Non-Profit Debt Service

Math_Rocks — Wed, 08 Jul 2009 14:12:31 GMT

Marty,

Can you PM me too? Trying to decide our best course of action to reduce payments.

Re: Non-Profit Debt Service

marty56 — Wed, 08 Jul 2009 23:52:08 GMT

Done. IMHO in terms of saving money and protecting your credit, I think a DMP is a good option. Doing it yourself requires discipline I lacked at the time and these days, wont protect you from AA. I was 51 before I was CC debt free so its never too late.

Re: Non-Profit Debt Service

Anonymous — Fri, 10 Jul 2009 06:41:13 GMT

Clearpoint FS

Re: Non-Profit Debt Service

Anonymous — Fri, 10 Jul 2009 09:29:01 GMT

Thanks...Greatly appreciate it.

Re: Non-Profit Debt Service

Anonymous — Wed, 15 Jul 2009 16:44:10 GMT

Marty,

Could you please give me the name of the people you use to get out of debt, because I'm also considering someone to help me to get out of debt.

Thank You,

Nelson

Re: Non-Profit Debt Service

marty56 — Wed, 15 Jul 2009 18:50:33 GMT

@Anonymous wrote:
Marty,

Could you please give me the name of the people you use to get out of debt, because I'm also considering someone to help me to get out of debt.

Thank You,
Nelson

I sent you a PM since we cannot post the names of DMP companies here.

If you have any questions let me know. Other member here are in or have completed a DMP program.

Re: Non-Profit Debt Service

Anonymous — Fri, 17 Jul 2009 15:49:35 GMT

I have been on a DMP for a couple of years. I had about $34,000 in unsecured debt. Last I checked I am $9,500.00. My credit score went from 475 to 680 (last I checked as of a few months ago). I had 16 revolving credit lines, now I am down to 5.

Without a DMP, I would have been in bankruptcy. It is a challenge everyday. What I am trying to say is if you need to lose 75 pounds.. You can go on a strict diet and lose 75 pounds in a year. But this is like a strict diet that keeps going for 5 years. Its frustrating not being able to go on a nice vacation, not being able to go on small trips for the weekend, not being able to remodel the house.. But at least in this economy I still have a job, and I still have a house.. and there is light at the end of the tunnel.. I will be revolving debt free in about 24 months.

What I am trying to say is the DMP is a great program.. But you can't expect your debts to magically disappear. It takes a lot of time, effort, and sacrifices.

Message Edited by Pants on 07-17-2009 11:49 AM

Re: Non-Profit Debt Service

Anonymous — Fri, 17 Jul 2009 17:33:12 GMT

Pants, could you please give me the name of the DMP you are with.

Re: Non-Profit Debt Service

Anonymous — Thu, 23 Jul 2009 23:07:31 GMT

Please send me a PM with the DMP company you used.

Thanks....I'm new to the forum....

Piggles57

Re: Non-Profit Debt Service

marty56 — Fri, 24 Jul 2009 09:23:20 GMT

I sent you a PM.