Delinquent credit card accounts?

[Guest loneranger]

My cousin is in a hole financially and was pointed to this service by his coworkers. He's been contacted by collectors daily. I don't understand their reasoning or method. Do you guys?

www.drsmdebtfree.com

 

Disclaimer: my cousin got himself in this mess and have been asking me for advice as well as to loan him some $. I said no. A divorce and a lawsuit got him blindsided thus leading to his delinquent accounts. Disregarding the ethics aspect of his situation (yeah he should pay back his credit card debt), what is your opinion on this service?

 

Thanks!

[PewterC3]

I've generally found that if it sounds to good to be true....it generally is.

 

If he's in that bad of shape maybe he needs to file Chapter 7 and get a fresh start.

[racer]

he should try

http://www.nfcc.org/

[99GoldSilverado]

Don't know about your area, but in Maryland there is a non-profit (truly) called Consumer Credit Counseling Services. A lot of people I know have used them with great results. It would probably be best for him to check with his local Better Business Bureau. They will have all the pertinent information. Don't want to get hooked up with a loser company.