If you have the money to double and triple the payments on the credit cards and you are not purchasing anything in the next couple of years you could be out of debt in 12-36 months. At $61,000 of credit card debt it will take you 19 years and $187,000 to pay it off. These figures could be lower depending on interest rate and the amount you are paying every month, but the point is it will take many years to get out from under it. In the mean time your credit report is weighed down by this debt load and your chances of getting anymore credit could be slim. If this is true then the high credit score isn't doing you any good anyway. You have to address the debt load. By going the debt settlement route you could be saving thousands of dollars by reducing the debt considerably, getting out from under it in only a few years and having professionals handle the situation. Before doing this though, do your due diligence and keep a few things in mind when considering a company: 1. Check out their Better Business Bureau report. 2. Make sure they are full disclosure, will they tell you the good, the bad, and the ugly? Also, will they let you see the agreement first before signing? 3. Do they have attorney services to help you through any legal situations? These are some of the things to keep in mind when choosing the right company. There is good help out there, just make sure you are checking them out first. I hope I have given you some hope, if you have anymore questions, please feel free to visit my personal profile.
