What creditors don't want you to know: there is a government sponsored debt consolidation plan.
Most people are not aware, and creditors certainly don't want you to know, that our government actually has a government sponsored debt consolidation plan. In most plans, you commit your disposable income for 3-5 years (money left over after you pay your reasonable and necessary expenses) and whatever debt remains unpaid gets wiped out, tax free, forever! So, if you have 50k in credit card debt but only pay 10k over a 3 year plan, 40k gets wiped out, tax free. When the time is right, or when you are ready, reach out to Kain & Scott, you will be so thankful you did!