You need to understand how this works if you are in credit card debt.
First, do not hire a "debt settlment" company to handle your case. Companies like "Credit Solutions" out of Texas and the like are taking money upfront with no guarantee of results.
That's not how I work.
I do not require any payment up front. I only get paid in the event I am successful in getting your balance down to a fractional amount.
OK, now that we've gotten that out of the way, here's how you can legally get your debt forgiven. Pretend you have a rich "Aunt Irma." And pretend you have a $100,000 in credit card debt too.
Your rich Aunt Irma says to you, "Why don't I pay off $70,000 (seventy thousand dollars) of your debt and you pay off $30,000 (thirty thousand dollars)" Good deal, right?
Well maybe. Maybe not. You see, in order to pull this off you need to come up with some money. If you come up with a percentage of the debt over a period of 6 to 12 months, then debt forgiveness may actually work for you.
Again, this is assuming you hire the right professional for the job who can actually get the debt forgiven, not some scum sucking debt management or debt settlement company. I'm seeing more and more folks getting scammed by these companies. And it seems every time I turn on the radio there is a new debt settlement company running advertisements.
THEY SMELL BLOOD IN THE WATER!
That's what happens when people are vulnerable. Other not so nice people take advantage and make things even worse.
I won't do that. I'm in this for the long run. I don't pretend to be perfect, but I won't ever let you down. Ever.
Michael Mack, Attorney a/k/a The Credit Man