Does anyone know if Debt Elimination programs really work without bankruptcy?

I filled out an online application for information about getting rid of debt, and I%26#039;ve heard that you can legally eliminate your debt?? I%26#039;ve know that Settlement is a good option, but not sure about Elimination. Anyone know?

Does anyone know if Debt Elimination programs really work without bankruptcy?
Many companies around are scams, so be careful. Here is a good site. www.SettleDebtForever.com. I eliminated $8,000 in debt 2 years ago. They also help with credit repair. My credit score was bad for about a year, but then it shot up pretty far in just about 30 days after I started the repair. Right now, it%26#039;s 803. Just make sure you know what you%26#039;re signing up for. I was happy with this company, but I was ready for what could possibly be at stake having low credit for awhile, but as long as you don%26#039;t want to buy a house or car for 12 months, then it%26#039;s usually ok. And with www.settledebtforever.com, you can choose either complete elimination or settlement, if you%26#039;re not comfortable with one or the other. Just remember to research anyone that you sign up with! There are some legitimate companies out there, but just as many bad ones.
Reply:most of the time they work FOR the credit card company and you pay them to do it. the best thing to do is bite the bullet and do it yourself.
Reply:messes up ur credit and chance to get mortgages.


visit dave ramsey.com to learn ur hard lessons from others mistakes.
Reply:No they do not work. They charge you with something you could do for free by yourself with a little documentation. They do not and cannot %26quot;eliminate%26quot; your debt but get it charged off and ruin your credit. You may also have to PAY taxes on the amount that is written off or %26quot;forgiven%26quot; as it is considered gain by the US government.





See dave ramseys website for info on this and other stupid taxes...
Reply:those programs are a ripoff. they charge a lot of money to do things you can do yourself for free or cheap. Visit the Troubleshooter website for more info.
Reply:you must 1st make sure they are reliable then what they do is have you put money in an account then they contact the people you owe and make a deal with them in some case%26#039;s they are able to cut your debt in 1/2
Reply:Most of these companies are just crooks as far as I%26#039;m concerned... they charge you a fee and do nothing to help you.





If you have financial problems, I would suggest to go explain your situation to the people you owe first. Most lenders understand if you are truthful with them and will help you.. The can lower your rate, extend your term etc.. to prevent you from taking bankruptcy.. From their stand point something is better than nothing. If you go to the lenders and try to work things out and do not succeed, then bankruptcy may be in order.. just depends on your situation..