Crying for Debt Relief

Posted on November 30, 2007 @ 12:27 am

I have a few friends that look "good" from the outside, but if you knew their financial story, you would see a gloomier picture.  You see Jake and Mary are up to their eyeballs in debt, with no apparent way out.  They don’t want to go bankrupt for fear of losing some of their toys and their lifestyle.  At the same time though, if they don’t do something, that will be the only alternative.

I talked to Jake yesterday and he said they had gone to get some credit and bill consolidation help.  The company that they were talking to was going to help them through their debt negotiation program.

This process would be essentially a two step process.  First their credit card negotiation services department would try and reduce their credit card debt in half and get them a better interest rate.  Then another department would try and negotiate similar deals for their bills.

These reduced payments would be lumped together into one single payment that they would make each month – reducing their stress immensely.  The goal of the work that would be done on their behalf would be to get them completely out of debt in about thirty months.

Though they had been crying for debt relief for many months now, they seem a little calmer now.  They have a plan and just have to follow it – and their troubles and stress will go away.







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