Heres my situation i have 3 credit cards all maxed out and in collections and a phone bill all totaling $4,500. I got ripped off by a family member who owed half these payments and was never paid back also i lost my job and had no money to my bills. Now i just recently got a job and want to do what i can to salvage my credit. What should i do? Settle the debts by calling each collection agency and trying negotiate a lower total? Declare bankruptcy?, Credit Consolidation by one of those shady looking companys? I'm lost
Welcome! First let me say - Do NOT do credit counseling. NO NO NO. That said, have you read the newbie links yet? There's some great info here ..... REALLY great and before you do ANYTHING - you need to familarize yourself with the ins and outs of credit clean-up. It has waited this long, it can wait another week or two while you get educated. Welcome again!
