I would suggest you stay away from these companies. A lot of them will charge you a substantial fee and hold your payments allowing you to become further and further behind to make it easier for them to make a settlement offer with the company you owe money to.
A better option would be CCCS (consumer credit counseling), if you belong to a Credit Union or have the ability to join one many Credit Unions offer the services of Balance which is also a credit counseling service. They are reputable, charge a very low fee or no fee to their credit union members. www.BalancePro.net
A reputable credit counseling service will have a reasonable fee, usually on a sliding scale based on your ability to pay. They will make payments for you monthly and will let you know up front about companies that will not work with you.
It will show on your credit profile, and some of your accounts may be closed, but the peace of mind you have from only paying one payment a month to one place is wonderful. You will also have creditors no longer calling you by phone. We went through a similar program many years ago.
Years ago we went through Consumer Credit Counseling Service. They were wonderful. I just wish we had stayed out of debt. I’m thinking about going back to them. The fee, 15 yrs ago, was only $10 a month. I don’t know what it is now but I do know they work with you and the credit card companies.
I am not sure I understand. A good thing to do is go to the library and read his books. Save up money and attend the FPU classes. Listen to his shows, he is pretty good. We just went to class this evening. We have 3 more classes until we complete the course. We were living paycheck to paycheck and using creditcards. We will be on step 2 for a very long time but the good thing is we do not want debt to control us anymore. I cut my creditcard up (should have long ago). We just paid off my husband’s creditcard this week. He isn’t too sure about cutting it up. He doesn’t want to, not yet at least.
I, too, tried them many years ago and they would NOT help me at all as I had a mortgage to pay. Some help. God helps those who help themselves.