Any insight on dealing with consolidated credit or no more debt?
January 16, 2013 9:16 AM Subscribe
Has anyone had any experience in dealing with organizations like nomoredebts.org or consolidatedcredit.ca?
posted by cleo to Work & Money (7 answers total) 4 users marked this as a favorite
I was unemployed for two years, and in that time incurred debt of roughly 20K. I am now employed and wanting to pay off what I owe, however the two creditors that I owe the largest amounts to have collection agencies aggressively calling and threatening to garnish my wages etc. I don't have the money to pay a lump sum, which is what they want. I also do not have anyone that will co-sign a bank loan. I thought using one of the organizations that I mentioned would show my intent on paying them what I owe.
I would appreciate any positive and negative experiences.