Banks have loaned way too much money to too many people in the past and now they are struggling because the economy has deteriorated and people cannot pay back everything they owe, especially with the outrageous interest rates. (…)

If you cannot get someone at your debt solutions company to respond to you, that is inexcusable in my opinion and you should run, not walk away from that company. (…)

It depends on the type of debt relief program you use. Debt settlement will damage your credit score severely whereas debt management not as much. (…)

I’ve often stated that debt settlement is meant as a bankruptcy alternative and many people are not in a situation that warrants the drawbacks it can involve. (…)

Sure it can…It just takes time and budgeting discipline. (…)

…if we can compile all of our debt into 1 debt settlement program rather than doing it seperately. Is this possible? (…)

Your are correct in that when you use a credit negotiation (debt settlement) company or if you are lucky enough to secure your own settlement with the credit card companies, you will be required to pay tax to the IRS on the savings. (…)

Your credit score is determined by a computer that takes many variables into account before tallying up a score it assigns to you. (…)

Yes, it sounds like your credit score has suffered significant damage through the foreclosure so I would guess that the damage has already been done. (…)