Americans are collectively buried in more than $1 trillion in credit card debt, according to federal figures.
Nicole, who requested that we not publish her last name, says she was facing thousands of dollars in credit card debt after a recent divorce.But paying off her credit cards was getting tougher and tougher.Relief firm offers help"They told me to stop paying my bills," she said,"and that they would then work with my creditors."
"It is absolutely impossible to give anybody a guarantee on what a credit card company or any kind of creditor will do for you," Tayne cautioned. Before hiring a company, she suggests contacting creditors yourself to see what they can offer, such as reduced interest or an extended payment plan.If you're still behind, or if your debt is sent to collections, then consider help from an attorney, credit counselor or relief program. But be sure you know exactly what a company or service offers, and research them for complaints at the Better Business Bureau website.
Source: News Formal (newsformal.com)
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