Can the credit card “help” companies really lower your overall payments and is it worth it?
Once the credit card companies are contacted by the company and asked to reduce debt, they will report you for defaulting on your debt. The debt maybe reduced, but your credit report is shot. Debt consolidation isn’t much better – you lose it even more, one bigger payment. The better idea – lay out your debts small to large – pay mins on everything bu the smallest and work like crazy to pay that one off, then the next lowest and so on.
