Should I use a debt settlement company for my credit card debt?

>>1879209
>Does it fuck your credit score up doing this?
Yes, though being out of debt is more important.
>Are these companies legit, or is it a big scam?
Well they don't work for free.

The better option is to deal directly with the credit card company. Talk to them about making an offer / setting up a payment plan that you can actually follow. That's all the debt settlement companies do anyway. I wouldn't bring up that you own a house and a car though; if you have substantial assets they might start seeing it as worthwhile to take you to court.

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>>1879209
>have 27k in credit card debt
Pay it off using payday loans

>>1879209
I talked to my brother who did a debt consolidation a few years back, but it was only like $10k. He said his credit score shot up 100 points once he paid it all off, but it wasn't at a discounted price or anything, just all under one monthly payment he knocked out.

He said he couldn't use any credit cards while making payments, so if an emergency came up all he had was his checking account. With another kid on the way that kind of worries me. He said he didn't know about a single card payoff method.

Do I just call the credit card company and say "I want to close my account, can't pay whats on it, whats up?"

>>1879209
What's the interest rate on that 27k?

>>1879209
If you accept a settlement offer, you have to pay taxes on the amount above what you settled as if it's income. So if you settle your $27k for $15k you have to pay taxes on the $12k difference as if it's income. BEFORE YOU AGREE TO SETTLE, NEGOTIATE! You can likely settle for even less than $15k. Tell them you only have $10k to your name and you'll settle right now for that price.

I'm in about 10x as much debt as you and currently filing for chapter 7 bankruptcy. If you can't pay, consider doing the same.

leave the country and head over to thailand or something.

>>1879712
25%. It's $518 a month in interest payments, that's fucking killer.

dont pay it, it will disappear after a few years

>>1879603
audibly kek'd

>>1880148
>over 6k in interest a year
>on a 27k debt
Wew lad.

>>1881592
Can this be done in California

how the fuck do you accumulate $27k

>>1882794
Do not do this. It will completely fuck your credit. Bankruptcy is better than just ignoring it. They will sue you and take your shit.

Remember also the majority of the time bankruptcy doesn't negate student loans.

>>1880148
HAHAHAHA. Thank you for existing. You're the reason responsible people can take advantage of credit card offers. I love the fact that I can get free money because of people like you.

>>1880148
Hehe this makes me feel better about myself