Debt Help Services

Question: Has anyone SUCCESSFULLY used a debt counseling service? If so which company was it?

I’m looking for a not-for-profit debt counseling service that can help me. I’m at the point where I really have no other choice. I can’t get a consolidation loan. I don’t want to go bankrupt. I’m not the type to say “forget it” & just quit paying bills. But it’s gotten till where I have no money left over to even buy househould necessities & gas. I’ve already called the creditors myself, etc. So please, if you’ve used a trustworthy, honest, helpful debt counseling firm, please let me know. And if there are some I should avoid like the plague, please let me know what as well. Thanks!

Answer: You don't need anyone to do it for you. All they do is negotiate your debts for you and collect a fee. You can do it yourself!

Call all of them and work out a payment plan and try to get your interest lowered or stopped.

Then, make the minimum payments on every one of them. On the lowest dollar value, put all your extra effort toward paying it off. Once it is paid off, then roll that extra money to the next largest balance. Continue this snowball until all your debts are paid off.

You probably need to cut your expenses back to the bare minimum. Get rid of cable, cell phones, internet, etc. Lower your electric bill, gas bill, water bill, etc. Don't eat at a restaurant until your debts are under control. Take a sandwich for lunch. Cancel the gym membership.

Try to increase your income by getting a second job. If you have a car with payments, get rid of it, and buy a good dependable used car for CASH.

Go to the library and get "The Total Money Makeover". Read it and follow it carefully.

Go check out Dave's website as well. Yahoo is blocking his site again, so take out the spaces in the following:
www. Dave ramsey. com

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