Soooo......we have tons of credit card debt and a couple of months ago I had a late payment. Last year was the worst year we've had, as far as income, and it's really catching up with us now. Anyway, it's getting to the point where the minimum payments on our credit cards are making it hard to make ends meet each month. I'm considering some kind of debt relief. The other day in the mail I got a solicitation from a supposed debt-relief company, which said that because of my delinquent payment I was referred for debt relief by my credit card company, and/but because of the "responsible way" I have handled my debt over the past couple of months (we used our tax refund to make a large payment against it) I qualify for this program which will reduce my debt by about half and let us get out completely in 5 years. Should I call them? Are they legit? I haven't looked into the whole subject of debt-relief very thoroughly yet, so I know nothing about it. I'm really hesitant to do it at all, because it feels wrong to not pay back the money we've borrowed. On the other hand, maybe the part I'm getting out of paying is mostly interest. And maybe it's best for the future of my family if I do something about this. I just have so many questions about debt relief and don't really understand it all. I know that I've got to do something, though - we spend too many nights lying awake feeling terrified.
What do you guys thinK? Anyone ever gone with a debt relief program that can tell me what it was like? Thanks in advance....:)