Legal Question in Credit and Debt Law in California

Credit management

Credit Management Co is handling my credit card debt. I am paying them $900.00/ mo to handle (negotiate?--name removed--55,000 in debt. I have absolutely no extra money to play with (groceries...) Is this a wise choice--name removed--I'm nervous Can we lose our home?


Asked on 10/15/07, 7:38 pm

2 Answers from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

Re: Credit management

As long as you keep up on your mortgage payments, there should be no reason to lose your home. Feel free to contact me directly to discuss other alternatives.

Read more
Answered on 10/15/07, 7:53 pm
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: Credit management

How did you find out about this company, and what research did you do before you signed up with them? What does the contract say they are going to do for you? Does any of the $900 actually go to your creditors? Lots of these companies are scams.

Read more
Answered on 10/15/07, 8:06 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in California