Anyone used Debt Settlement USA or Credit Card Relief.com?

Question by KKirch: Anyone used Debt Settlement USA or Credit Card Relief.com?
How successful is debt settlement?

Best answer:

Answer by Anonymous
It’s not very successful considering how much money you actually end up paying the people doing the debt settling. What it does, in fact, is get you into more debt. They usually want thousands for their services.

You’re better of calling your credit card companies, asking them to lower your interest rate. Some actually will. Also, open a credit card that has 12 months 0% interest, and do a balance transfer onto that card (if it has a high enough credit limit) so that you have only one card payment and no interest to worry about for a year. Pay it down and keep them down, afterwards. You don’t need a service to do that. They’re a rip-off.

Add your own answer in the comments!

will my score goes up after i settle my debts?

Question by Starchef: will my score goes up after i settle my debts?
i settled couple credit cards for half the amount owed by couple years,will my score goes up?

Best answer:

Answer by B-Squared
Yes it will, but you have to contact those folks and make sure that your record show those debts are settled. They really “forget” to report that information to the credit bureau.

What do you think? Answer below!