[LSS60]

Have been going through a debt management group for the last 4 years trying to pay off credit cards which I cut up at that time. Talked to them last month and basically found out that all my hard work is just not working after all. Interest rates are outrageous and I am not even working on the principle on most of them. So, what happens other than my credit being ruined for 7 years? Ready to throw up my hands and say I give up. I don't want to but these companies do not or will not drop the interest rate. So-since you can't get blood from a turnip-what else can they do? Not sure of SC law and what can be done other than harassing me. Anyone out there have any clue?:confused:

[JoeCanada76]

I think that 7 years of bad credit would be worth getting a fresh start. I know I would do it. Not sure of the laws, but there are credit counselors that would offer a program which would effect your credit for 6 years. Or Bankruptry 7.

Bankruptry you would be released of all your debt after a year?

Credit Counseling or another type of a lesser degree of bankrupty would have you paying off debt for a certain amount of years. Would cut that debt in half and would effect your credit for 6 years.

This might just be in Canada.

[gazelleintense]

Most debt management companies are junk. Why not pay back the debt and handle this yourself? What you are paying them to supposedly do you can do yourself.