ProFracPilot
What's it doing now?
- Joined
- May 1, 2003
- Posts
- 701
Oh, and don't try the debt consolidation people - rip off artists who keep the first payments you make, send nothing to the credit cards, and you keep getting the nasty phone calls.
Debt consolidation = no good. A REPUTABLE credit counseling service (usually faith-based) = good. It's been almost 20 years, but working with CCCS allowed us to avoid bankruptcy. With the IRS you're on your own, but they allowed me to negotiate a low payment. Just don't miss a one, or else they come after everything - immediately. Don't ask me how I know. With CCCS and some increase in our household income, our recovery from the financial mess we were in took about 4 years. Although the tax liens and other "bad credit" stuff remained on our credit reports for 7 years, the creditors were lining up to give us crazy credit limits in that short of time. Trust me, we've never gone back there.
The best advice here is from DUATS. Start by reading everything Dave Ramsey has before you do anything.